Hey all,
A few weeks ago I introduced my Elliot Wave theory on Bitcoin. And this post is here to update this theory :
-Prices are still in the fifth wave of thecorrective Wave A. The first target is hit, this one is located at $16,540$. We're dealing with a possible bottom if the macro situation has no more bad news.
-Following the corrective Wave A, Wave B will permit to bounce for a few months and to go back to a better area, with a first major target located at $39,483, the golden ratio of the retracement of Wave A.
Let's see how the evolution will be. I'll see you in a few weeks in the update of this situation. Do not hesitate to follow to stay update !
Cheers.
Romain
A few weeks ago I introduced my Elliot Wave theory on Bitcoin. And this post is here to update this theory :
-Prices are still in the fifth wave of thecorrective Wave A. The first target is hit, this one is located at $16,540$. We're dealing with a possible bottom if the macro situation has no more bad news.
-Following the corrective Wave A, Wave B will permit to bounce for a few months and to go back to a better area, with a first major target located at $39,483, the golden ratio of the retracement of Wave A.
Let's see how the evolution will be. I'll see you in a few weeks in the update of this situation. Do not hesitate to follow to stay update !
Cheers.
Romain
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.