Bitcoin's Route to $3,000,000+: An Elliott Wave Based Outlook

25 thg 10, 2022

What are the possibilities for the future of Bitcoin? There's mixed perspective with the retail and institutional world of investors but to base things solely on my opinion of its all-time wavemapping, I think Bitcoin could see upwards of $3M-$4M per coin by the early 2030s. I too anticipate a number of heavy, undeniably deep corrections to come during that timeframe but Bulls should be able to do the heavy lifting to restore its value. Regardless of whether you're a lifelong Bitcoin fanatic or an unbiased trader for profit, the pending corrections can and should be avoided. This is how profits are maximized. Hopefully this is the last Bitcoin chart I'll ever have to share on TradingView but nevertheless, I will update accordingly.

4 thg 11, 2022

Ghi chú

Crucial moment for short term wave developments. If Bitcoin breaks above $21K before dipping back below $20K, it should be an EW signal that bulls have recaptured the momentum for now.

15 thg 11, 2022

Ghi chú

Bullish momentum yet undefined. Bears are exhausted. Next target yet in tact for $117K.

10 thg 1, 2023

Ghi chú

The idea of Bitcoin making a run to $3 million or even $1 million without a very drastic drop beforehand suddenly seems farfetched.

10 thg 1, 2023

Ghi chú

Noticeable, Bitcoin has never completed an expected drop for a Wave 2 move. The corrections instead have retraced to levels more common with a corrective 'B' wave, which gives different implications versus a Wave 2.

10 thg 1, 2023

Ghi chú

Crypto investors should be weary of such a strong, non-impulsive wave structure as there is no sufficient base established.