Hi everyone, this is my first published idea so any feedback will be well heeded! I was analyzing 2021 BTC price trends and found the middle part of the 5/3/5 Elliott Wave cycle to be quite apparent in the day chart. After analyzing past and current prices and making predictions, I adjusted these predictions with a little Fibanacci retracement magic. Nothing special, but I'm happy to finally contribute something!
I completed a more in depth writeup of this chart analysis and published it on my website: www.booyahtraders.co...bitcoin-price-trends
I completed a more in depth writeup of this chart analysis and published it on my website: www.booyahtraders.co...bitcoin-price-trends
Comment:
49k was my original estimate before Fibanacci retracement. The value above should say 48k! Between 48 and 49 is a good estimate in my opinion.