After some drawing and drawing it seems BTC has to go back. Maybe after a pullback to 42ish. Where maybe all people at set SL from the last peak.
I won’t think it would go above, why? Because a lot of people os waiting to 42.5 to recover or exit from the last time a month ago.
Also, all the possible drawing under my Elliott educational level, shows we need to...
Hi guys.
This is a sci-fi chart.
What if, in the weekly we are in the starting of a impulsive wave? If so, we will see BTC to around 300.000$ Between 2022 and 2023?
Seems somehow compelling
Ideas ?
Alice is creating a impulsive pattern.
After the wave 1 and 2, we are in the middle of the wave 3.3, doing sideways and maybe an extension of wave 3.3 or wave 3.5.
If fails to go more up, we will be in a a corrective ABC flat B, so expect a C wave which would be deeper.
Seems, under the 12H TF, that enjin coin is finally arriving at wave 4 consolidation phase, after a contracting triangle. Looking at the wave 3 and the long wave 4 consolidation phase, maybe we can talk about and extended wave 5 phase, so maybe it would be worth to put a long and take profits.
It seems after triying to test 38.4K, start dragging the bottom line of the triangle pattern.
Volume is low and it is very squeezed inside the trend lines, also made two false break outs, mostly downside.
What do you think?
