I used the Fibonacci extension tool to determine the next target for Bitcoin based on the Elliot Wave Theory.
Wave 3 should send around $29,000.
Wave 5 around $35,000.
We see weakness on the retrace and strength on the recovery.
More on the chart.
Namaste.
Wave 3 should send around $29,000.
Wave 5 around $35,000.
We see weakness on the retrace and strength on the recovery.
More on the chart.
Namaste.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.