Then I expect we're going to see another massive bullrun. Targets depending on the hype in the bullmarket, thats why we use targets to scale out and move our stops higher when we take off to protect our capital.
Between 0.02 usd and 0.015 usd
Long term targets
- Target 1: last ATH - around 0.13 usd
- Target 2: Ext fib levels 2.618 wave 1 & 1.618 wave 3 - around 0.21 usd
- Target 3: Ext fib level 3.618 of wave 1 - around 0.29 usd
- Target 4: Ext fib levels 4.23 of wave 1 & 2.618 of wave 3 - around 0.34 usd
I would like to hear your comments and thoughts.
** I used theory. I know that the 4 wave can't bust the 1 wave but i've seen it all over in crypto and they still work out fine. No time predictions only targets. This is not financial advise just my own thoughts. **
Another possibility is a quick breakout on upside before going down; don't let them fool you!
Depending of how you count the ABC-correction of BTC it is possible that BTC did not finish it's 5th wave down of C correction-wave Elliott wise, because the 5th wave did not bust the 3 wave if you know what I mean...
But then again, this is crypto so maybe this is the bottom ;-)
Time will tell mate!