Macro chart on Bitcoin based on Elliot Wave and Fibs. This is illustrating a potential scenario for Bitcoin in 2021 and onwards
- The target for this current 3rd wave would be circa $20.8k. Retail short $20k on the dot, price surges through stopping them out. We spend a few days up there whilst noobs accumulate and buy the break of the ATH. This will be a sell the news type event.
- First stop on the 4th wave down could be $17k followed by a retest of $14k. We have such little previous PA up here that it's hard to get accurate targets, however $16-17k and $14k seem the most likely and significant levels.
- The 5th wave could start and take us up to something like $30k. But by this point it depends on a lot of factors. I don't believe $30k to be anywhere near the final ATH for this 4 year cycle.
- The target for this current 3rd wave would be circa $20.8k. Retail short $20k on the dot, price surges through stopping them out. We spend a few days up there whilst noobs accumulate and buy the break of the ATH. This will be a sell the news type event.
- First stop on the 4th wave down could be $17k followed by a retest of $14k. We have such little previous PA up here that it's hard to get accurate targets, however $16-17k and $14k seem the most likely and significant levels.
- The 5th wave could start and take us up to something like $30k. But by this point it depends on a lot of factors. I don't believe $30k to be anywhere near the final ATH for this 4 year cycle.
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.