A lot depends on how you count your waves. If we consider March 2020 - April 2021 to be an impulse wave, and the area within the two vertical yellow lines to be an ABC correction, then another impulse wave can be expected with about the same angle as the previous impulse wave. This would get us to about 80,000 USD by the end of this year.
A little tricky since I did the E-Wave analysis on NASDAQ data rather than the Chicago approximate equivalent sort of thing here, but anyway we start with the first ABC corrective wave after a previous impulse not shown here. Tried my best to fit most of it but you may have to manipulate the chart to see it all.
But, take with a grain of salt.
E-Wave Analysis Automatically performed by software called MotiveWave, then transposed to TradingView.
I don't trade any crypto at all, so have no interest in creating "FUD". But I did want to just share this, and see how accurate it ends up being.
Between the (0) and (1) (usually these are labeled with roman numerals btw) is the...
I just transposed the auto-analysis results I got in MotiveWave to TradingView since I'm really not good at doing these manually. Sorry if I didn't label something right. First thing I've published. For educational purposes only.
