Elliott Wave Analyst: Shane Hua (CEWA-Master Candidate)
I think Bitcoin will continue to rally higher with wave C (purple), the usual possible target for wave C will be equal to wave A. But from a short-term perspective, I want to look first at 0.618. Of course the price could go even higher, just my immediate goal.
The price should still move higher, while the price should always remain above 43399.98. When the price drops lower, it shows that either wave (C) has actually ended, or wave 1 of a degree smaller than wave C has ended, and we will have a second bearish wave, and the 3rd wave returns to increase the price higher, to achieve important targets.
Ok so, that's my prediction, yes, have a great time my friends, goodbye.
I think Bitcoin will continue to rally higher with wave C (purple), the usual possible target for wave C will be equal to wave A. But from a short-term perspective, I want to look first at 0.618. Of course the price could go even higher, just my immediate goal.
The price should still move higher, while the price should always remain above 43399.98. When the price drops lower, it shows that either wave (C) has actually ended, or wave 1 of a degree smaller than wave C has ended, and we will have a second bearish wave, and the 3rd wave returns to increase the price higher, to achieve important targets.
Ok so, that's my prediction, yes, have a great time my friends, goodbye.
Trade closed: target reached