Rharvudh

Is BTC going to finish the 4th wave by the end of the year?

BITSTAMP:BTCUSD   Bitcoin
In the big picture, the price structure suggests that we might currently in the A-B-C running flat pattern (A in July and B in November) By using that theory and Fibonacci, we might see the price finish this large A-B-C correction at 0.786 fib level (Around 37,800)

If we count the Elliott wave in the smaller time frame, we could still see the price is heading toward the same spot. So, This is the best possible scenario that I can find, right now.

This idea is not financial advice. Always do your own research.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.