What is the final destination of Bitcoin? Is it able to survive from the disaster?
I offer you here the possible scenario for BTC based on Elliott wave count on monthly time frame. Everything is clear in on the chart.
Please note that this is just schematic drawing which approximately describes the price reaction zones estimated by implementing some typical Fibonacci levels. I kindly ask you to disregard the timing on the chart.
Is it always good to get general view of the market.
Good luck everyone.
I offer you here the possible scenario for BTC based on Elliott wave count on monthly time frame. Everything is clear in on the chart.
Please note that this is just schematic drawing which approximately describes the price reaction zones estimated by implementing some typical Fibonacci levels. I kindly ask you to disregard the timing on the chart.
Is it always good to get general view of the market.
Good luck everyone.
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It is good to know that this is just normal ascending Elliott wave cycle. We have different forms of Elliott waves cycles like ascending anti cycle, descending anti cycle , etc...
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As I published in another idea seperately , we are probably in wave 4 of A which means correction and reaching below 20K targets takes several weeks.
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It is following the prediction so far. Lets see what happens next.
