Elliott Wave Sequence Continued BTC 03052022 - Wave 1-5
Detailed in prior ideas, now that we have completed our ABC correction to the upside we can expect a 5 wave move to the downside, to our accumulation zone below $30,000. This is in line with the extended bull run model shared before and will likely be followed by a continued uptrend after months.
Comment:
$37,000 Level defended by the bulls, expecting potential lower high between $43,000 and $45,000
Comment:
Lower high $42600, expecting a fall to $34,000 level
Trade closed: target reached
