shubbs

A Possible Elliott Wave Path back to the Bitcoin All Time High

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin is likely in a new bull market. I am expecting this impulse wave to test $6000 as resistance in Wave 1. Wave 2 should retrace a good portion of the gain since $3300 in February. Wave 3 should break $6000 after one more retest of $60000 as resistance. I'm then expecting a move back to $6000 as support. $10000 will provide some resistance. Eventually Bitcoin will test $20000 resistance, retrace in a cup, then blow right past $20,000 in latter 2021 about ten times over the cup to about $200,000 in another parabolic blow off top.

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.