Bitcoin - Irregular Triangle heading for 100,000 USD Target ?

18 Nov 2024

As discussed in yesterday's video, we're expecting a thrust in Bitcoin towards the 100K USD mark. Will this milestone become a reality soon? 🚀💰

Irregular Triangle
An Irregular Triangle has beautifully unfolded, setting the stage for an upside thrust as per Elliott Wave Theory. This pattern, characterized by its distinct higher highs and lower lows within corrective waves, signals the breakout wave.

From a wave perspective:

- The ABCDE structure of the triangle suggests a classic consolidation phase is complete.
- The upward thrust aligns with the typical post-triangle behavior, often extends strongly in the direction of the trend.


Regards,
WaveTalks
Abhishek


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