Mayfair_Ventures

Bitcoin Roadmap - Elliott Monthly

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Main page drawing not to scale.

A simplified view of current Monthly/Weekly Elliott moves.

I have tried to keep it as clean and easy to see as possible. Forecasted figures here are purely based off the Advanced Get software. As time gets closer to these levels, I will look at forecasting via order blocks & extensions of smaller Elliott wave moves.

Wave 5 Daily

Which is also a 3 Weekly level

Expectations of a 4 move - as per the previous post

Depending on the depth of the 4th wave
Will determine the extension up

Levels of interest

This leads to the extension levels here

A deeper corrective will lead to a weekly 5 at closer to $97k another dip for monthly 4. Followed up with a monthly 5 extension around $133,000 level.

Have a good weekend everyone!

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Comment: smaller TF views -
Comment: Need to drop down from Daily to get the move up to a smaller B - Agreement with Stochastic and Weekly Stochastic down as per next image.
Comment:
Comment:
Comment: As per the Wyckoff breakdown -
Comment: smaller fractal move and supporting the bigger timeframe schematic.
Comment: November update to the roadmap.

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