As we mentioned in our last chart
bitcoin coin is playing out on the path we had set for it.
We include another Elliott Wave (12345) shown in Green to show you the path that BTC should take along the 5th Wave that we are currently in. I have this wave set to stop at the $5800 level and can see it touching that price mark.
I have then gone further to and shown the Elliott Correction Wave (ABC) to show the path that I think Bitcoin will take on the way up to the $7500 mark.
As you can see I have drawn in 3 Head and shoulders and I reckon that BTC will create another head and shoulders with normally shows a trend reversal.
I am starting to think that we will more then likely repeat history and range trade until the end of May in June and July we should see the bull run before bringing another correction...
We include another Elliott Wave (12345) shown in Green to show you the path that BTC should take along the 5th Wave that we are currently in. I have this wave set to stop at the $5800 level and can see it touching that price mark.
I have then gone further to and shown the Elliott Correction Wave (ABC) to show the path that I think Bitcoin will take on the way up to the $7500 mark.
As you can see I have drawn in 3 Head and shoulders and I reckon that BTC will create another head and shoulders with normally shows a trend reversal.
I am starting to think that we will more then likely repeat history and range trade until the end of May in June and July we should see the bull run before bringing another correction...
