KondrackiKarl

Bitcoin to $25k by March 2021? Wave 2 complete?

Long
COINBASE:BTCUSD   Bitcoin
Looks like Bitcoin found the end of its correction.
Wave 3 target $25k by march 2021
Busy market so Ill give a more detailed analysis soon.
BTW Called $7250 as a bottom back in July so pretty proud of that

[image
Comment:
[/image}
Comment:
As a test

Comment:
Waves 1-2 of 3 estimate

Comment:
If i use log scale to estimate a wave 3 target then I get $81k in january 2021
1.618% extension of wave 1

Comment:
Prices fell below the Ice down towards the
deep river (terminus of the fourth wave of one lesser degree)
offering a potential spring opportunity.
Rising prices could quickly become impulsive.
A rejection would indicate a range bound market.
Still a chance to fall to $5500 but very low probability


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.