In 1rst...give a "like" it's important for suport my work and continu to post Idea
Actually in a broadening wedge ,once the formation of the wedge is finish ,i expect a nice jump for make the 2nd wave of the ending diagonal that i'm mentioning since 18 december (look at related idea)
Like and follow if you want more publishing ideas
Back to mid september ,i said than we will moon...we are just starting the engine at my opinion
Everything is on the chart...actually breaking the assending triangle
I already make a post about this ending diagonal 1 week ago(look at related idea)...this post is an update because waves are playing differently than what i thought a week ago but nothing changed the diagonal is under construction...target 5270$ (this scenario can be destroyed by the whales at any time but price should reach at least the 4800$ area)
So ,the last upward movement has been made in 1,2,3,4,5 Elliott waves with the wave 5 in extended form .Now doing the downtrend into a broadening top wedge with lot of volatitlity inside .There is a bullish shark harmonic pattern in formation now and soon we should make an other leg up for touch the top of the wedge once again before going down once again.
Everything is on the chart .
Tonight i laughed a lot seeing people beliving Bitcoin found the bottom ,last time Bitcoin did this weekly candle then it went to 20 000$ or Bakkt getting the green light...etc...bla bla bla ,this is just a retracement for a better dump later .
We can go up to 5200$ (see link to related idea) for me but it's absolutly not guaranteed...