Hi everyone,
Just to share some Elliot/Fibonacci analysis. I remain long term bullish on bitcoin, but short-term over the next few days the price may go lower.
I think we're in the final sub-wave 5 of wave C to complete the ABC correction that has been forming over the past few weeks.
I see support potentially somewhere between 26-29k (29k = 100% of Wave 0-A; 26k = aggressive 150% wave iii of sub-wave 5 extension).
Its never easy to predict the future - but I hope this helps and good luck!
Just to share some Elliot/Fibonacci analysis. I remain long term bullish on bitcoin, but short-term over the next few days the price may go lower.
I think we're in the final sub-wave 5 of wave C to complete the ABC correction that has been forming over the past few weeks.
I see support potentially somewhere between 26-29k (29k = 100% of Wave 0-A; 26k = aggressive 150% wave iii of sub-wave 5 extension).
Its never easy to predict the future - but I hope this helps and good luck!
Nota
Just an update, as the sub-wave iv finished higher than in the original projection. The revised target is still within the original range but now narrowed to 28.3-28.8k.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.