It is very important to have a clear vision for BITCOIN.
Bitcoin move looks like a beautiful DIAMETRIC pattern.
Diametric pattern is a 7_Leg pattern which every leg is corrective. (remember that Glenn Neely _The owner and president of NEOWAVE, INC_ says that he could not recognize any IMPULSE move in bitcoin yet). So 5 or 7 leg corrective patterns should be considered. I see no triangle in the chart so I assume the only remaining choice, which is a DIAMETRIC.
according to this scenario we are at the end of wave 5 (E) and two other legs are in front (F and G). F will be a downward and to be a perfect wave, needs to reach to 20000-21000 USD and takes about 1 or 1.5 year.
After that, the wave G will be a huge upward move which should be proportional to wave A. The minimum target for G will be 470000$, the normal and reasonable target is 2,700,000$ and an optimistic target will be 10,000,000$.
Moreover, the middle of 2024 would be a perfect time to hit the target 2,700,000.
* this scenario is valid only if BTC does not break 87000$ level
NOTICE: This is not a financial advise and BTC is highly unpredictable.
Bitcoin move looks like a beautiful DIAMETRIC pattern.
Diametric pattern is a 7_Leg pattern which every leg is corrective. (remember that Glenn Neely _The owner and president of NEOWAVE, INC_ says that he could not recognize any IMPULSE move in bitcoin yet). So 5 or 7 leg corrective patterns should be considered. I see no triangle in the chart so I assume the only remaining choice, which is a DIAMETRIC.
according to this scenario we are at the end of wave 5 (E) and two other legs are in front (F and G). F will be a downward and to be a perfect wave, needs to reach to 20000-21000 USD and takes about 1 or 1.5 year.
After that, the wave G will be a huge upward move which should be proportional to wave A. The minimum target for G will be 470000$, the normal and reasonable target is 2,700,000$ and an optimistic target will be 10,000,000$.
Moreover, the middle of 2024 would be a perfect time to hit the target 2,700,000.
* this scenario is valid only if BTC does not break 87000$ level
NOTICE: This is not a financial advise and BTC is highly unpredictable.
Comment:
I think BITCOIN has an unfinished businesses in 19090$ (even with a shadow). that would be the end of wave "F"