BTC : where are you heading mate?

Bitcoin / TetherUSBinance

Description

⋅ Nov 12, 2021 1:00 PM

Hi,

Please take into consideration 2 possible scenarios of BTCUSD correction.

It depends on how you calculate Elliot Waves:

1. If 5th wave has been finished at 64800, then the most likely level of correction is around 47-46k (not excluding even 36-37k).

2. But if BTC is completing the 5th wave only now - we can see it dropping at around around 24-20k.

What do you think about it?

Comments

MynameisTeo

⋅ Nov 13, 2021 7:12 AM

Sorry my friend... but i think your count is wrong. wave 1 is to long, wave 2 to short ( time and p a ), wave 4 below wave 1 and 2 ... if i look just at structure ,have ugly proportion in this count. Sure 3, and 4 wave it's ok but in this case just happend. If you make money in this bull run and this is your count , i think is 100 % luck ( this is not hate, just saying ). I just answer your question: " What do you think about it?"

investdimsum

⋅ Nov 13, 2021 11:56 AM

@MynameisTeo, I agree that the count is wrong. Wave 3 is end of Wave 5 and ABC correction to Wave 4 hence, its Wave 1 uptrend.

bearofwallst

⋅ Nov 13, 2021 5:34 PM

Wave 3 can't be the shortest one

ShtmnBsff

⋅ Nov 13, 2021 4:17 AM

There has always been, is and always will be a Surprise in cryptocurrency! Therefore, even with a high price, it can drop sharply by 2 times.

bL1TZZ

⋅ Nov 12, 2021 1:14 PM

I think that 20-24 is very very unlikely.

SoooSecret

⋅ Nov 12, 2021 5:05 PM

@bL1TZZ, any ideas why?

ThePlotThickens

⋅ Nov 12, 2021 8:55 PM

@SoooSecret, pure speculation lol

bL1TZZ

⋅ Nov 13, 2021 12:35 AM

@ThePlotThickens, Predicting the market is always speculation, so please, share with us what your crystal ball has told you?

bL1TZZ

⋅ Nov 13, 2021 12:31 AM

@SoooSecret, Yep, over here