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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Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
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.