Hi guys,
Although I am a permabull on BTC and blockchain tech in general I am thinking that we might see a deeper correction than 56k.
I've seen a lot of scenarios lately focusing on the Elliott waves count, this is mine :
Bullish : we finished the wave 4 correction and now we are exploring what is left of wave 5. Realistic target : 84-86k area.
Bearish: we have not finished the ABC correction that now takes the form of a running flat. If this is the case wave C would put us in the 16-24k area by the end of the year ( I favor this scenario, if wrong will sell higher, if right will buy lower, win-win ).
Not financial advice, for educational purposes only. Please do your own research my friends.
Although I am a permabull on BTC and blockchain tech in general I am thinking that we might see a deeper correction than 56k.
I've seen a lot of scenarios lately focusing on the Elliott waves count, this is mine :
Bullish : we finished the wave 4 correction and now we are exploring what is left of wave 5. Realistic target : 84-86k area.
Bearish: we have not finished the ABC correction that now takes the form of a running flat. If this is the case wave C would put us in the 16-24k area by the end of the year ( I favor this scenario, if wrong will sell higher, if right will buy lower, win-win ).
Not financial advice, for educational purposes only. Please do your own research my friends.