What you see a quick and raw Elliott Wave analysis of this current surge of BitCoin
It appears to have hit what we like to call The Target Zone 1.
That's where Wave 5 usually terminates or it goes inside the Target zone 1 and fizzles out losing momentum before it hits Target Zone 2
Target Zone 1 is the Fib Expansion 62% and
Target Zone 2 is the Fib Expansion 100%.
Perhaps $TSLA #ElonMusk Bought right before the Start of Wave 5 at the end of Wave 4.
I get a kick out of such wave analysis. I was able to capture this around 34000 and exit today on candle trail.
:)
It appears to have hit what we like to call The Target Zone 1.
That's where Wave 5 usually terminates or it goes inside the Target zone 1 and fizzles out losing momentum before it hits Target Zone 2
Target Zone 1 is the Fib Expansion 62% and
Target Zone 2 is the Fib Expansion 100%.
Perhaps $TSLA #ElonMusk Bought right before the Start of Wave 5 at the end of Wave 4.
I get a kick out of such wave analysis. I was able to capture this around 34000 and exit today on candle trail.
:)