Bitcoin : Elliot Wave theory update
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
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