Hello, everyone!
The Bitcoin can break ATH this month and I will explain my point of view.
According to Elliott waves analysis the A-B-C correction ended at $28k, then the new 1-2-3-4-5 waves structure started. The Awesome Oscillator showed the exact place when the wave 1 ended with the divergence.
If we take the impulse of wave 1 and use the Fibonacci, we can see that the corrective wave 2 ended exactly at 0.5 Fib level, which is the textbook.
The wave 3 usually is the highest and takes the least time. There are still no divergences with Awesome Oscillator. Only when the divergence take place, I will anticipate that the 3-rd wave end is here. We can estimate the $66000with the Fib extension as the approximate place where is can be.
The wave 4 is going to be a correction with the lowest point of $54000, but first of all I want to see the wave 3 end.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
The Bitcoin can break ATH this month and I will explain my point of view.
According to Elliott waves analysis the A-B-C correction ended at $28k, then the new 1-2-3-4-5 waves structure started. The Awesome Oscillator showed the exact place when the wave 1 ended with the divergence.
If we take the impulse of wave 1 and use the Fibonacci, we can see that the corrective wave 2 ended exactly at 0.5 Fib level, which is the textbook.
The wave 3 usually is the highest and takes the least time. There are still no divergences with Awesome Oscillator. Only when the divergence take place, I will anticipate that the 3-rd wave end is here. We can estimate the $66000with the Fib extension as the approximate place where is can be.
The wave 4 is going to be a correction with the lowest point of $54000, but first of all I want to see the wave 3 end.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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