Elliot Wave Analysis for BTC
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I am a strong believer that BTC is following the Elliot wave pattern.
I believe that at the moment we are in the Wave C of the Correction wave II that started from the all time highs of 20k $, ending the impulsive wave I.
We saw already that BTC did not yet break the previous highs of February 2020, and I do not think it will. I don't see anything that could drive the prices to break the resistance of 10k-10.5k $ I think a lower high has already been formed and we are going way lower in the months to come. As I estimated, and as you can see in the graph, I believe that we will bottom around January to February 2021, where the wave III and most bullish of our lifetimes will start.
Namaste!
I am a strong believer that BTC is following the Elliot wave pattern.
I believe that at the moment we are in the Wave C of the Correction wave II that started from the all time highs of 20k $, ending the impulsive wave I.
We saw already that BTC did not yet break the previous highs of February 2020, and I do not think it will. I don't see anything that could drive the prices to break the resistance of 10k-10.5k $ I think a lower high has already been formed and we are going way lower in the months to come. As I estimated, and as you can see in the graph, I believe that we will bottom around January to February 2021, where the wave III and most bullish of our lifetimes will start.
Namaste!
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