There's a lot going on again... I couldn't leave out too many calculations, as it is crucial to be sure BTC is in an upwards phase and how hard it will go...
Well... it will go very hard in my opinion... right when you think BTC will act sideways again or make some correction here and there to slow down the bullishness...
All calculations, patterns, Elliott Waves are correct, and should soon create some FOMO.
BTC was walking on a descending parallel which is marked on Jan. 7th. It doesn't know it is in open air right now, but will realize that it must complete it's 3th subwave and there's no holding back, as the pennant is coming to its end, BTC moved from the descending into the ascending parallel, all required retracements are done on the long, an inverted head and shoulders is very clearly finishing and will request a move upwards, equal to the size of the retracement within, a cup with handle is formed, correction of wave 1 (in orange) is done, and at the begin stage of wave 3, which will probably be very extended.
You can zoom out on my chart to check the elliptical movement (in green) which it will probably follow, of-course take it with a grain of salt, as this is a longer forecast.
But eventually, it will get there... this year for sure !
Well... it will go very hard in my opinion... right when you think BTC will act sideways again or make some correction here and there to slow down the bullishness...
All calculations, patterns, Elliott Waves are correct, and should soon create some FOMO.
BTC was walking on a descending parallel which is marked on Jan. 7th. It doesn't know it is in open air right now, but will realize that it must complete it's 3th subwave and there's no holding back, as the pennant is coming to its end, BTC moved from the descending into the ascending parallel, all required retracements are done on the long, an inverted head and shoulders is very clearly finishing and will request a move upwards, equal to the size of the retracement within, a cup with handle is formed, correction of wave 1 (in orange) is done, and at the begin stage of wave 3, which will probably be very extended.
You can zoom out on my chart to check the elliptical movement (in green) which it will probably follow, of-course take it with a grain of salt, as this is a longer forecast.
But eventually, it will get there... this year for sure !