The price action actually happened now has potential to hit arround 42K.
The reason Why it has big potential to happen is :
1. lower shadow not closed yet, so there is a gap
2. has a similar price action, making falling wedge --> breakout --> dump (falsebreak)
3. elliot wave now is going to wave 5 which the target is 1,272 fibonacci level
The analysis may wrong. let me know your thought
Thank you
The reason Why it has big potential to happen is :
1. lower shadow not closed yet, so there is a gap
2. has a similar price action, making falling wedge --> breakout --> dump (falsebreak)
3. elliot wave now is going to wave 5 which the target is 1,272 fibonacci level
The analysis may wrong. let me know your thought
Thank you