Bitcoin /USD rate (April 2022)
My elliott wave could be wrong but this is practice in hopes to get better. Please do your own research as always!
This week I'm just making an update to align some of the elliott wave from my last set of forecasts and am making some speculations as to what a potential bottom pattern could look like before hopefully pivoting upwards towards the next suspected target of 48k-58k ranges.
To be explicit: I believe peaks and lows that will be achieved from now until mid/late 2023 are:
Low: $9,716 (±43%)
High: $57,906 (±11%)
($5,326 at lowest potential in my opinion)
This could be wrong but I’m just documenting my ideas now so I can attempt to see where I went wrong in the future. I have said it often recently but I will keep saying it, I am biased towards being bearish on bitcoin and cryptos in general at the moment. I don’t want to change my mind which sounds crazy right now. $8,000 bitcoin price still seems like the safest bet for calling lows in my opinion.
Previous charts I've built coming to these conclusions:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
My elliott wave could be wrong but this is practice in hopes to get better. Please do your own research as always!
This week I'm just making an update to align some of the elliott wave from my last set of forecasts and am making some speculations as to what a potential bottom pattern could look like before hopefully pivoting upwards towards the next suspected target of 48k-58k ranges.
To be explicit: I believe peaks and lows that will be achieved from now until mid/late 2023 are:
Low: $9,716 (±43%)
High: $57,906 (±11%)
($5,326 at lowest potential in my opinion)
This could be wrong but I’m just documenting my ideas now so I can attempt to see where I went wrong in the future. I have said it often recently but I will keep saying it, I am biased towards being bearish on bitcoin and cryptos in general at the moment. I don’t want to change my mind which sounds crazy right now. $8,000 bitcoin price still seems like the safest bet for calling lows in my opinion.
Previous charts I've built coming to these conclusions:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
