My target is 4900 this year before the crash. Pole target is near the exact of the Fibonacci 1 to 1 number. The indicators have room for a squeeze. This summer will be hot :) REOPENING!!! The effects of the printing will be felt later...
Scenario: Macro Cup & Handle plays out... This assumes the crypto market becomes bullish again and we get that final leg up in the bull market. ETH will become the strongest altcoin ever EOY.
TA on this chart is amazing. Broke out of a triangle to the upside earlier this year, now forming a macro cup and handle. If the fundamentals become better then this will pop. It will retrace first a couple of cents more before testing resistance again... Entry when retracement finishes.
First Target is $4. If bullish cup and handle play out then this can shoot to the 1.618 fib at $7. Bullish!
Let's not kid ourselves, price analysis and historical trends show that bitcoin has the potential for one final run in this bull market. This run can bring us to 6 digits, however, I will be presenting a bearish side that might play out: From an Elliott wave perspective, we bottomed out at ~30000, a five-wave move down from 65k. Now, it's possible that the...
If that Triangle breaks to the downside then GG. I guess the discounts will be crazy :) Supports are in White... Elliot Wave Extended 5th wave correction, Killer! FUD and Blood on the Streets! Capitulation will bring us to oversold territory, sparking the next bull run!
Bitcoin is still on the 4th/5th wave down. The 4th wave is a complex pattern, triangle, labeled ABCDE. RSI has been in a falling wedge this whole run and I believe the breakout will occur when the 5th wave takes us to oversold territory, the 19k region. We go to 6 digits after all the speculation and greed are gone...
The relationship couldn't be more clear. It will be a great summer for equities, then crash, I guess lol :)
.08 (Most Likely) .05 (Possible) .01 (End of Bear Market Target)
5th Elliot Wave Down. If BTC mega dumps so will this. Just a thought, not a trading idea. Indicators starting to turn down too! Target: 1.7 Ultimate Bear Target (Least likely): .9
Finish that Elliot Wave and get us oversold so we can go to the moon after!
Inflation or not, still going up! Broke the falling wedge and retested the upper line of it. Should be good for GOLD!!! PT OVER 2000
Worst case scenario short-mid term: 5 Cents Only good support I see. if BTC dumps then RIP. Just an Idea.
If support fails to hold and BTC dumps then this will get wrecked. Target 1.618 at 12 cents assuming capitulation occurs. Just a scenario to entertain the bears. This is just an idea!
Fibs, EMAs, MAs, Oversold target, Elliot wave all lead to a target of $13-$13.3. Very Bloody.
Limit Order .345 If BTC dumps then you will be happy to have had this set. 5th wave Elliot down, confluent with the 1.618 fibs at mid .30s. Wolfpack red and appears to be heading down.
-We need the third Elliot wave down. -Fib numbers seem to be confluent with that range. -100 week EMA is 1k. 100 week MA is 720. -Gap between 770-990. -This capitulation assumes Bitcoin will mega dump...
Very slow investment and might not be worth it for the everyday millennial... 100% gain for sure this decade though... I do like the consolidation though but GOLD's chart looks better!