fredpui

$btc 80k target

Long
BITSTAMP:BTCUSD   Bitcoin
btc is progressing on its 5 wave structure.

Wave 1 and Wave 3 are equal in price range. and wave 2 is 50% range of wave 1. I should expect wave 2 to be same or slight shorter in price range compare to 2. Wave 4 target around 53.5k

Looks like it's onto it's wave 4 at the moment before going higher to 80k (wave 5).

After wave 5 completes, i expect btc to retrace fairly steep (in a 3 wave formation), before heading much much higher.

Will update as time comes.

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.