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jameswongg
Feb 5, 2021 6:38 AM

Bitcoin going to break all time high? Long

Bitcoin / United States DollarCoinbase

Description

According to Elliott Wave Theory, wave 4 have completed and it seems like a strong wave 5 is brewing.

It is higher high, higher low with Y1>Y2 and power up.

I am projecting TP at Fibonacci 1.618 because T1<T2.

My only concern is WHOG@3, which is the long green candlestick at the top. It might be a fake strong uptrend.

In overall, I am quite positive in this analysis if price is able to break resistance levels.
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