According to Classical Relations between Waves, 0.382 (51800) was the end of the B wave, and from there wave C started. The only problem is, according to same rules, wave C should take us to where? Because in rules it says Wave C is 1.618, 0.618 or 0.5 of Wave A length. That means it can take us to 11K BTC. Interesting. But as it is not likely to happen, I think 0.618 (retrace to 44K) will happen, and corrective wave will be finished?
I can bet 11k will never come again. Never. Those levels are just done. Unless US, UK, Australia, Europe and Chine ban Bitcoin outright, those levels will not come. There is no shock and awe factor after the world has endured Covid19 for 18 months. So no chance of 11k at all. The EMA200 on the weekly is at 15600 and its climbing 1000 points every 6-7 weeks. So by 1st Jan 2022 it will be about 17.5k to 18k. No chance of 11k, absolutely no chance.
baris3
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@CryptoStorm3, Yes I also expect 40k area test. But it if goes down the maximum it can go can be 11k :)
CryptoStorm3
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@baris3, 11k is possible on if WW3 starts or if BTC is banned in the US/Europe or if some other crisis hits like Xi Jing Ping shoots Biden and blames Trump for it LOL. There is nothing on the horizon suggesting an 11k Bitcoin. It will also send ETH to below $500, DOT and LINK to under $5. The whole market will shrink 75 - 80%. I dont wanna argue with you, but I just cant see it.
baris3
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@CryptoStorm3, First do not hold any crypto coin and then talk to me. GOod luck. I have no bias