Bitcoin Elliott Wave estimate targeting Halving event
This is my current views and estimate of the current Bitcoin movements.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1.
Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle.
Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.
Commento:
current view of wave 2 correction of wave 3 in a cycle
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Current thoughts
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Green trend line shouldnt hold.
Thinking we are going to continue this small correction
Thinking we are going to continue this small correction
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Current estimate
Thinking we are still in a micro correction
Could fall anywhere between $9700 to $9100 (even $8700)
Will be watching for the higher low to form
Thinking we are still in a micro correction
Could fall anywhere between $9700 to $9100 (even $8700)
Will be watching for the higher low to form
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An estimate
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Parabolic micro correction?
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Current estimate
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My wave count must have been wrong
Correction is too steep to fit into previous model
Correction is too steep to fit into previous model
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Showing the Fibonacci extension and retracement pivots
