I tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target.
It might take months to wrap up the slowest fifth wave, but...
Bitcoin is on the brink of dropping out of long established logarithmic bullish trend. This trend has continued for about a year and currently we are seeing price levels continuing to drop below the support lines. So far upper trend lines have acted as support for newer and stronger bullish momentums, setting up stronger and stronger bullish trend - price would...
