The last BTC chart I posted shows a bearish impulse projected to the low $7k area. This sounds like bad news but it could also be a large 2 wave for a much larger 5 wave elliot impulse upward.
The fibs for such an impulse match with 3 and 5 waves that could reach the previous highs at $14k and $20k over the next year. This would also match with the log scale calcs I plotted in the attached chart.
The fibs for such an impulse match with 3 and 5 waves that could reach the previous highs at $14k and $20k over the next year. This would also match with the log scale calcs I plotted in the attached chart.
