Hi all
i have presented my ideas earlier also that how we are in a deca cycle and in the last phase of that now with the traded price, this is an update on what alterations i believe are happening in the market and how price could react in future.
i believe according to elliot waves theory we have completed 12345 wave and are now in ABC corrective wave in which we are again forming A wave with 12345 wave, this means to complete wave 4 we could test 28 k resistance level and then fall to lower levels of 11 k to complete wave 5 and after which we could retrace back to 30 k level to complete corrective wave B.
My bitcoin Bottom price target is at the level of 7400 level maximum which i have saying for a long time now
do like my views and comment if you agree with my technical analysis
the analysis is based on elliot waves, fib level, moving average and chart patterns
i have presented my ideas earlier also that how we are in a deca cycle and in the last phase of that now with the traded price, this is an update on what alterations i believe are happening in the market and how price could react in future.
i believe according to elliot waves theory we have completed 12345 wave and are now in ABC corrective wave in which we are again forming A wave with 12345 wave, this means to complete wave 4 we could test 28 k resistance level and then fall to lower levels of 11 k to complete wave 5 and after which we could retrace back to 30 k level to complete corrective wave B.
My bitcoin Bottom price target is at the level of 7400 level maximum which i have saying for a long time now
do like my views and comment if you agree with my technical analysis
the analysis is based on elliot waves, fib level, moving average and chart patterns
