Trying out Fibonacci Channels, Elliott Wave counts, with Fibonacci Extensions and Retracements correlations for price and date targets
Estimates:
Wave 2 finishing around $8200 (50% of wave 1) Right around the halving
Wave 3 finishing around $18000 (161.8% of Wave 1) Date target May 20th
Wave 4 and 5 are questionable and dependent on Wave 4's behavior
Estimating wave 4 corrects 38.2% of wave 3 around beginning of July (Error in image, fib retracement tool reversed)
and finishing Wave 5 around $22000 around August 20th
Estimates:
Wave 2 finishing around $8200 (50% of wave 1) Right around the halving
Wave 3 finishing around $18000 (161.8% of Wave 1) Date target May 20th
Wave 4 and 5 are questionable and dependent on Wave 4's behavior
Estimating wave 4 corrects 38.2% of wave 3 around beginning of July (Error in image, fib retracement tool reversed)
and finishing Wave 5 around $22000 around August 20th
Comment:
Just to add it here, my wave count for wave 1-2 in the shown labeling
hope this works
hope this works
Comment:
IF (big if) Bitcoin PASSES $18,000 then the next target would be $30,000 possibly July 4th
However this scenario has a much lower probability then $18,000 target May 26th
However this scenario has a much lower probability then $18,000 target May 26th
Comment:
Estimate - Wave 3 broken down into one lesser degree
Comment:
There is a chance that $8700 holds at the 38.2% retracement as a WXY
Trying out a measured move from the Three Falling Peaks correlates.
Fibonacci Extension pulled around first peak to lower low then to higher high
also gives a 161.8% extension target at $8700
This would alter the price and date targets for the end of wave 3
Maybe we make a Triple Combination WXYXZ down to $8200
I am still trying to analyze the correction
Trying out a measured move from the Three Falling Peaks correlates.
Fibonacci Extension pulled around first peak to lower low then to higher high
also gives a 161.8% extension target at $8700
This would alter the price and date targets for the end of wave 3
Maybe we make a Triple Combination WXYXZ down to $8200
I am still trying to analyze the correction
Comment:
Thinking the correction ends here
50% retracement of $6455-10522
Also the 161.8% extension was hit
50% retracement of $6455-10522
Also the 161.8% extension was hit
The first one is Wave 1 compared to Wave 3
Second is Wave 2 compared to wave 4
This is experimental