mehdi-rad

Bitcoin Elliott Wave Analysis

INDEX:BTCUSD   Bitcoin
Notice that:
1) The timing was not considered.
2) The elliott wave analysis of the whole chart has not yet finished and it needs more consideration. Actually, it's very time-consuming.
3) There could be other scenarios; I am thinking about them as well. I might publish some of them.
4) I might change my opinion about wave C to be a WXY correction instead of a 5-wave impulse (needs more thinking and other parts of the chart to be completed).
5) Targets of wave 4 should be indicated after wave 3 ends. What I showed in the chart regarding the targets of wave 4 is just a big picture and can be changed.
6) Targets of wave 5? No Idea now; however, 15400 would be a rather good estimation.
7) I have still no idea for the microwaves of wave c of B.
8) IMPORTANT: This chart, analysis, and text are not financial advice.

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