BTC Correction Coming to End, Ready for ATH (Elliott Wave)
BTC appears to be completing wave-E of a contracting triangle with reverse alternation which began almost 2 years ago. We're hitting multiple time targets right now, including the time target for the end of wave-E, wave-c of E, and wave-5 of c of E. There's also perfect time, price and complexity relationships between all waves at all observed timeframes. We also have multiple bullish momentum divergences on several different time frames.
The ultimate target for the following bullish wave should take us well above ATH, and we could possible go as high as $100,000-200,000 by the end of next year. This will likely be relatively small gains percentage wise, when compared to most other cryptocurrencies which will likely experience percentage gains that are orders of magnitude greater than BTC, mainly due to the fact that BTC is reaching its scalability limits and it lacks smart contracts, and it's also the most over-crowded cryptocurrency trade you can make.
The ultimate target for the following bullish wave should take us well above ATH, and we could possible go as high as $100,000-200,000 by the end of next year. This will likely be relatively small gains percentage wise, when compared to most other cryptocurrencies which will likely experience percentage gains that are orders of magnitude greater than BTC, mainly due to the fact that BTC is reaching its scalability limits and it lacks smart contracts, and it's also the most over-crowded cryptocurrency trade you can make.
Trade closed: stop reached:
This one hit the trailing stop loss. Very big break down at this point. Looks like the next move is down to around 4k.
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