Scenarios for Bitcoin Based on Elliott Wave
Zaktualizowano
Pessimistic Scenarios (Red colour)
If bears break a low made in 2018, that will mean the road is open to as low as 1000 USD and they have control over bitcoin.
Scenario in blue colour, we should finish 5th wave and I am expecting that we should get below 3800 USD one more time. I think bulls are setting up a trap and they wouldn't let the market get below 3200 USD level, from 3700/3200 USD prices the market will try and draw 3rd wave on the graph (green colour), which is about 15500 USD to 16500 USD, if that will happen the bulls have a chance to break 20000 USD important resistance level.
If we don't break 20000 USD (black colour), we can't expect 3rd bull wave to open the road to 30000 USD and higher prices.
I hope everything is clear on my thought, if not please ask questions
If bears break a low made in 2018, that will mean the road is open to as low as 1000 USD and they have control over bitcoin.
Scenario in blue colour, we should finish 5th wave and I am expecting that we should get below 3800 USD one more time. I think bulls are setting up a trap and they wouldn't let the market get below 3200 USD level, from 3700/3200 USD prices the market will try and draw 3rd wave on the graph (green colour), which is about 15500 USD to 16500 USD, if that will happen the bulls have a chance to break 20000 USD important resistance level.
If we don't break 20000 USD (black colour), we can't expect 3rd bull wave to open the road to 30000 USD and higher prices.
I hope everything is clear on my thought, if not please ask questions
Zlecenie aktywne
I am still sure that market will go lower then $3900, I think once bitcoin halving is done then the bears are in control. Graph needs to complete wave 5, before we are back in uptrend.Uwaga
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