“jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance.
This is what I’m believing on for the last motive wave for the BTC :)
As you know, This is a weekly frame for the Bitcoin history. I compared the 3rd waves, ATH’s and bear market with RSI index. As you see, We are now above 50 RSI so we’re going to hit the new ATH on December
This is the largest wave for Bitcoin I hope we see more than $102k that’s what I believed. If you have any comments I would be happy to hear its
I hope we hit 51,300 or at least 49,500 before the correction good luck guys ❤️
I think the correction waves will start from 51,300 approximately let’s we see what happens :)
As I said keep your eyes open there are three areas to throwback just be careful under those lines.
We’re going to throwback from 42850-42500 :)
I’d like to visit 51900 with a motive wave (3/3/5) suddenly. keep your eyes open ;)
Historic waves for Bitcoin since 2012 until now
Correction wave for bitcoin on 4th August
It could be like this way :)
From 2012 until now
Edit for path
Elliott waves Bitcoin