FrederickDupont

Mid Term Projection On Bitcoin

FrederickDupont Updated   
BITSTAMP:BTCUSD   Bitcoin
Same cycle, just weaker & slower form one cycle to another. I still think bitcoin is in a bull market and I'm pretty sure we got our bottom for wave 2 at 4k. We are entering wave 3 now of the Elliott wave pattern, volume is good. I'm confident. I also think bitcoin's gonna reach at least 50k in this bull run. Yes, the curve is flattening on bitcoin but this is just part of the evolution. In every new asset or market you will see a flattening curve overtime, however the growth will still be there.

***LOGARITHMIC CHART***

Stay tuned guys, I'll try to update you more frequently.

peace

Trade active:
We're midway thru wave 3!
Trade active:
wave 3 is over, we're now in the middle of wave 4... Target for wave 4 is 25k.
Comment:
Are we near the end of wave 4 ? Possible.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.