We have another Bitcoin miner with a nice descending triangle +oversold oscillators, and once again momentum to the upside. 1st target $3.60 and 2nd target is $5.30, Not financial advice, DYOR.
Its another 3 wave move up. There is absolutely no impulsive moves to the upside going on here with ANY at current. Yes, it was a nice move up from the beginning of December 23 to the end of December 23. However, that move up was on diminishing volume and it only counts at current as a correctional move. It can count as a nesting wave 1 and wave 2. In elliot wave that would be minor wave 1 & 2, followed by a minute wave 1 and 2. That count would be invalid if 1.06 gets broken down through. So, 1.06 is key for this to continue in an uptrend. Thanks for your take and analysis on this one.
ChartProphet
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@JOBSAFISH, Thank you, I need more experience with Elliot to be fair. I think this will run with BTC however.
JOBSAFISH
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@ChartProphet Evenjng chart prophet. Thanks for your reply. I'm no guru either. None of us are. We can only go off our own educations and our own edges over the markets. I 100% agree it will run with BTC, so will MARA, PAGS, RAMP etc. Personally, I'm a little twitchy about crypto at current. I think in the next week or so, we could see BTC fall down hard. Possibly come back to the 20 k area. we shall see.