Bitcoin lookahead based on the current pattern formation
Looking at the current chart trend using Elliot wave theory I can see the formation of wave 0 to 1 and 2 to 2. Based on the this chart observation, here is my projection for the completion of the 5 wave pattern followed by ABC.
This is based on an ideal situation and the candle stick approximately follow the charted wave pattern.
Note Elliot waves can break down or off at a moments notice causing the chart to alter direction up or down.
It will be interesting to see how BTC performs against Elliot wave theory and the current global pandemic called Corona virus (COVID-19)
This is my opinion and for my education, I am not a financial adviser.
This is based on an ideal situation and the candle stick approximately follow the charted wave pattern.
Note Elliot waves can break down or off at a moments notice causing the chart to alter direction up or down.
It will be interesting to see how BTC performs against Elliot wave theory and the current global pandemic called Corona virus (COVID-19)
This is my opinion and for my education, I am not a financial adviser.