The price of Bitcoin
may seem messy, but I drew the Elliott Wave
count and now we know exactly where we are. We just finished a WXY correction. In fact, we are on the absolute last wave of the sub-sub-wave. That means the price of Bitcoin
could explode any second now. Also, we are hovering over the 1 to 1 Extension at 12800, which is a key support area
and the critical point for reversal. The RSI
is oversold, and the downward channel
cannot last forever.
starts upticking, you know what happens: the price explodes to the moon!! The price could easily break the all time high! See you at $20,000 or even higher!!!
Note: The blue lines represent ABCDE corrections. It would look too messy if I tried to squeeze in all those lines.