Now bitcoin is in corrective movements. According to Elliott, it is in the dominant zigzag pattern. Any growth in this pattern is an exit opportunity and somehow a rest for further decline.
After completing 5 waves of wave C
There are two predictable scenarios
First, the continuation of the correction. In this case, this coin will grow during three main waves, and after that, it will fall sharply during 5 waves.
The second scenario is the end of the correction after the completion of wave 3, and after that this coin can climb up to the level of $80,000 based on the Fibonacci target
BTCUSDT
After completing 5 waves of wave C
There are two predictable scenarios
First, the continuation of the correction. In this case, this coin will grow during three main waves, and after that, it will fall sharply during 5 waves.
The second scenario is the end of the correction after the completion of wave 3, and after that this coin can climb up to the level of $80,000 based on the Fibonacci target
BTCUSDT