Currently Bitcoin is in wave 4 correction wave.
Wave 3 did not exceed wave 1, so wave 5 should not exceed wave 3.
This is why I believe we will not go far beyond 6000.
However, using another Elliott wave analysis style we can see that the prediction is more around 8000.
Wave 3 did not exceed wave 1, so wave 5 should not exceed wave 3.
This is why I believe we will not go far beyond 6000.
However, using another Elliott wave analysis style we can see that the prediction is more around 8000.
Trade closed: target reached:
Amazing how much it was exceeded by.
It just goes to show that when things are crazy TA falls short.
Both predictions above were unable to predict what happened.
It just goes to show that when things are crazy TA falls short.
Both predictions above were unable to predict what happened.