Bitcoin & The road to 100k (and beyond?)
Bitcoin is about to finish it's wave 2 correction. Would like to see a deviation below the August-low, followed by a quick buyback afterwards.
We see possibly a 5-wave impulse from the bottom to the top in august, followed by an Expanding Flat pattern with a Ending Diagonal (C) wave. The idea gets invalidated when wave 5 is longer in price than wave the length of wave 3. That's where the stoploss/invalidation is coming from which you can find on the chart for clarification.
From here i will be bullish but keeping in mind this would likely result into a blow-off top around new year. A multi-year bear-market can be expected from there.
We see possibly a 5-wave impulse from the bottom to the top in august, followed by an Expanding Flat pattern with a Ending Diagonal (C) wave. The idea gets invalidated when wave 5 is longer in price than wave the length of wave 3. That's where the stoploss/invalidation is coming from which you can find on the chart for clarification.
From here i will be bullish but keeping in mind this would likely result into a blow-off top around new year. A multi-year bear-market can be expected from there.
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