Last upward price movements since Corona Crash reminded me of Elliot waves so I started to count them and try to be more realistic as my last idea was a bit too exaggerated, so if time and target are right will take us at $6666.66 next year so I assume day and month will be again something diabolic :)
Basically chart is showing counts of Elliot Wave impulse since March 2020 up to today and possible correction path/target/time in the next months, now 6666.66 is a psychological target and Volume Profile showing support at that range, also ABC correction validates impulse Elliot Wave and target is above wave 1.
Still very possible to make a faster correction by January/February as my last idea still in the 6K range but I don`t see it anymore.
Don`t get back to me with 50K or above targets as they are pure fiction, above 17.18K we can talk about 20-25K but that`s it maximum I can see for BTC and not going to happen any time soon, Hopium reached high levels, barely that you can find an bearish idea and almost none with target under 10K.
What goes up most come down is not science and is being played in all symbols for hundred years, BTC is not an exception.
Happy days
Basically chart is showing counts of Elliot Wave impulse since March 2020 up to today and possible correction path/target/time in the next months, now 6666.66 is a psychological target and Volume Profile showing support at that range, also ABC correction validates impulse Elliot Wave and target is above wave 1.
Still very possible to make a faster correction by January/February as my last idea still in the 6K range but I don`t see it anymore.
Don`t get back to me with 50K or above targets as they are pure fiction, above 17.18K we can talk about 20-25K but that`s it maximum I can see for BTC and not going to happen any time soon, Hopium reached high levels, barely that you can find an bearish idea and almost none with target under 10K.
What goes up most come down is not science and is being played in all symbols for hundred years, BTC is not an exception.
Happy days