>> Note << • Price movement is still moving in the ascending channel • Based on Elliott Wave Theory: 1. Assuming Wave 1 has been formed then followed by a pullback to Wave 2 and get reversal confirmation with a double bottom pattern 2. Then continue the impulsive rally to Wave 3 then enter followed by the corrective phase ABC to Wave 4 3. So, the next movement...
Scenario B: Crypto Bubble • BTC is has never experienced with a recession • Elliot Wave Theory BTC Super Cycle with initially 5 Micro Waves which is Wave 1 Macro • Then proceed with Corrective ABC to Wave 2 Macro • Potential Corrective ABC is Wave A is at $14k, then DCB to around $40k area as Wave B then resumes its decline to $5k as Wave C
Scenario A: Everything will be fine • BTC is still moving in the Ascending Channel • Based on the Elliot Wave Theory then Wave 1,3,5 is a Bull Market & Wave 2,4 is a Bear Market • Wave 1 was formed after getting ATH in 2018 and followed by the correction of ABC to Wave 2 in 2019 • Then continue the impulsive rally to Wave 3 in 2021 and a potential 5 wave...
Hello, This chart is showing monthly return on Bitcoin. As you can saw we got bull run after halving (1 year) then passed into bear market (3 years), and what will happen on this time? Let's see
This chart is a possibility for the next bitcoin price movement based on Elliot Wave Theory & Fibonacci Retracement