1st Elliott 5 wvave to 12 10K. Also we have a Desc Triangle and Fibb that gets to the Target.
We could have a up shot till Wycoff level as on BTC Chart but finaly will get to 5 wave Elliott target.
As a bigger picture theres is a Shark Harmonic patteren with 5K target. Menaning we are still in downtrend expect new lows to capitualtion.
We could have a up shot till Wycoff level as on BTC Chart but finaly will get to 5 wave Elliott target.
As a bigger picture theres is a Shark Harmonic patteren with 5K target. Menaning we are still in downtrend expect new lows to capitualtion.
Trade active:
BTC reached 24K in the Up Shot now as Wycoff target 14K 12K then Rversal of the Downtrend is finished and starts the Bull.
Also as Elliott 12K 14K is the 5wave target.
There is not Zero chance for the Shark Harmonic Pattern to be performed with a lower target.
Also as Elliott 12K 14K is the 5wave target.
There is not Zero chance for the Shark Harmonic Pattern to be performed with a lower target.
Trade active:
BTC is Retracing from 25K/
25K could be the peak of the 4Wave of Elliott so now heading below 15K around 12K 10K.
If we think of Wycoff we could be heading to the Spring around 17K to 12K 10K.
Also consider that there is a Long Term Sharl Pattern that at least is saying that the downtrend has nit ended and that teh target could go even lower than Elliott 12K 10K.
25K could be the peak of the 4Wave of Elliott so now heading below 15K around 12K 10K.
If we think of Wycoff we could be heading to the Spring around 17K to 12K 10K.
Also consider that there is a Long Term Sharl Pattern that at least is saying that the downtrend has nit ended and that teh target could go even lower than Elliott 12K 10K.
As Elliott the Target is 12K 10K then accumulation to breack 21K up into the next R 40K
The Shark is not Invalidated yet and is a very lower target not imposible.