Bitcoin at 420k ish by 2022! Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ May 31, 2020 4:14 PM

BTC Nearly hit FIB extension in log scale at 20k when it finished its grand super cycle 3 wave in 2017.

It might hit the overlapped FIB extensions around 420k when finishing its grand super cycle 5 wave in 2022.

Used:
Log Scale Chart.
EW 12345 Impulsive wave (Grand Super Cycle).
Fibonacci Extensions in Log Scale mode.
Price Range tool to proof the upcoming cycle prediction to be realistic compared to previous market cycles..

Let's not get ahead of ourselves and trade the current trend though.

Comment

⋅ Jan 20, 2021 1:59 PM

So far so good ;-)

Trend Analysis Elliott Wave Bitcoin (Cryptocurrency)BTC BTCUSD LONG long-term Bullish Patterns Fibonacci Extension

Comments

dipset007

⋅ Jun 1, 2020 4:00 AM

So interesting when you step back and zoom out.

CrypTorre

⋅ May 31, 2020 4:18 PM

Second wave can never be the shortest. Learn your EW, basic rules.

ItsShowtime

⋅ May 31, 2020 4:52 PM

@CrypTorre, You mean wave 3, not wave 2. The third wave is not the shortest, you are looking at a log scale representation of the chart, not the normal representation. wave 1 was only 1160, wave 3 is 19513 which is clearly much bigger. I know my EW, but thanks...