Bitcoin Elliott Wave estimate targeting Halving event
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This is my current views and estimate of the current Bitcoin movements.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
Ghi chú
current view of wave 2 correction of wave 3 in a cycleGhi chú
Current thoughts Ghi chú
Green trend line shouldnt hold.Thinking we are going to continue this small correction
Ghi chú
Current estimateThinking we are still in a micro correction
Could fall anywhere between $9700 to $9100 (even $8700)
Will be watching for the higher low to form
Ghi chú
An estimateGhi chú
Parabolic micro correction?Ghi chú
Current estimateGhi chú
Ghi chú
My wave count must have been wrongCorrection is too steep to fit into previous model
Ghi chú
Showing the Fibonacci extension and retracement pivots
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