There are lots of similarity between today and last September movement(outbreak of COVID 19) as fibo extension level, fake break out, the wave structure.
there are lots of possibilities of wave count, but I choose the more rational one and want the only one that i have in my mind.
1- we are in wave 5th of first cycle, BTC past first and third wave as it's drown in the chart. In fifth wave, we are in(5-4) wave and the final one(5-5) be the last jump for current cycle wave.(in my opinion, it can goes 205k or 251k in 2022 August or 2023 December????), it cycle last as the first cycle of gold about 15 years, in gold , after first cycle, we can see long time of consolation about 20 years(it is not BTC fact, I try to find similarity in BTC and GOLD ). in these model the final target would be 21k-23k or 18-19k or 14.9 - 16.5k.
2-if the current wave can pass the higher high of last impulse wave(5-1) below of 13874$. we assume that the correction of last wave(2017) is not completed yet so reaching the level of 3100-3900$ are not out of reach. in these way, we have a complete 5th wave and then goes down or sideway movement is expected.
it's no need to say that, these the way I think about BTC movement completely. Do your own research and trade on your own risk.
there are lots of possibilities of wave count, but I choose the more rational one and want the only one that i have in my mind.
1- we are in wave 5th of first cycle, BTC past first and third wave as it's drown in the chart. In fifth wave, we are in(5-4) wave and the final one(5-5) be the last jump for current cycle wave.(in my opinion, it can goes 205k or 251k in 2022 August or 2023 December????), it cycle last as the first cycle of gold about 15 years, in gold , after first cycle, we can see long time of consolation about 20 years(it is not BTC fact, I try to find similarity in BTC and GOLD ). in these model the final target would be 21k-23k or 18-19k or 14.9 - 16.5k.
2-if the current wave can pass the higher high of last impulse wave(5-1) below of 13874$. we assume that the correction of last wave(2017) is not completed yet so reaching the level of 3100-3900$ are not out of reach. in these way, we have a complete 5th wave and then goes down or sideway movement is expected.
it's no need to say that, these the way I think about BTC movement completely. Do your own research and trade on your own risk.
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