BTCUSD Elliott Wave Forecast - Wave 3 Price Prediction

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Happy New Year everyone,

I had initially provided rough counts for wave 3 to be between $33 - $38k with a possible extension into the $50k zone (please see linked ideas below). We saw the 24.3k break and retest completed successfully and as forecasted the successful break of that level has propelled BTC towards my initial Wave 3 projection of 29.8k - 31.7k.

I mentioned the likely possibility for BTC to achieve extended wave 3 levels because of it's tendency to overshoot which brings my next target to the first of these extensions of 36.2k. Now, the second extended projection level is at 46.4k, before placing too much focus on it, let's see how this plays out and whether BTC can achieve the first extension level.

I feel I should mention... this is a sub-wave count of a larger wave 1 in play but at this moment in time I am not entertaining that far ahead. What I would add to that note is that I am expecting BTC to achieve much higher six figure levels in the coming years.

There is a further 'third' extended projection for this wave, more on that level once we are closer to it.

Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed.

Thank you for taking the time. Trade safe and always remember to plan your trade and trade your plan!

Beyond Edge


This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.

Do not trade or speculate based solely on the information provided. Trust your own analysis.

Beyond Edge
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