BTC Perfect Combination Elliott - Fibo - Harmonic AnalysisHi guys, it's me Vincent again.
I'm pretty bullish on BTC right now. Let's do some analysis together.
This chart is based on the assumptions below:
- BTC is moving within Wave C (white)
- $76xx - $78xx will show good bounce to end Wave 2 (green) and entering Wave 3 (green) soon. This zone is the 61.8% retracement of Wave 1 (green)
- $73xx was the strong support for BTC to start forming Harmonic Pattern . This zone is the 78.6% retracements of Wave B (white)
- Target $128xx will perfectly complete ABCD pattern starting from $60xx, with AB = CD
- And it's also the 61.8% retracement from Daily top $17,0xx, to form the harmonic Gartley pattern .
We expect for the drop of BTC at $129xx level, whether it's a retracement before going higher or a reversal to a lower bottom, we will decide when the time comes
Other indicators ( Bollinger Bands , MACD , RSI , Stoch ) are also supporting the start of this analysis.
Let's see how the market decide.
We believe the universe is governed by natural laws, ratios and moving in harmony.
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Glad to answer any of your questions
