Bitcoin WXY correction expanded flat to possibly 30-40K
Looking at the charts I still believe we are in a correctional pattern.
Some people think it's the disbelieve phase of the new bull run, but i think the bear market was too short for that.
To me it looks more like a bull rally in a correction pattern.
The correction that we had from 20K tot 3K was a basic ABC from the 12345 impulse waves from 160 usd to 20K.
But know we can make a bigger 12345 from 0 usd to 20K and i don't believe that, that correction is finished already.
This doesn't mean that we will not go up, at the moment I think that we have a good change of a expanded flat correction (3-3-5) with a new ATH coming up in the next 3-12 months.
But after that I expect a drop below the 3K, down to maybe even the 1K.
(3-3-5)
3 = 20K-6K-12K-3K
3 = 3K-14K-5.5K- 30/40K ???
5 = 30/40K down to 1K with some corrections up
To get a nice picture of what is going on, i have compared the bitoin coin pattern to the USDZAR pattern.
To me this looks like a good possibility.
Some people think it's the disbelieve phase of the new bull run, but i think the bear market was too short for that.
To me it looks more like a bull rally in a correction pattern.
The correction that we had from 20K tot 3K was a basic ABC from the 12345 impulse waves from 160 usd to 20K.
But know we can make a bigger 12345 from 0 usd to 20K and i don't believe that, that correction is finished already.
This doesn't mean that we will not go up, at the moment I think that we have a good change of a expanded flat correction (3-3-5) with a new ATH coming up in the next 3-12 months.
But after that I expect a drop below the 3K, down to maybe even the 1K.
(3-3-5)
3 = 20K-6K-12K-3K
3 = 3K-14K-5.5K- 30/40K ???
5 = 30/40K down to 1K with some corrections up
To get a nice picture of what is going on, i have compared the bitoin coin pattern to the USDZAR pattern.
To me this looks like a good possibility.
Trade closed: target reached
