i"m not good with explaining , u have all targets and price movement in chart . Good luck trading~!
my short term scenario , you have in the charts the targets with grey lines
btc good entry for a bullish c leg , targets are in chart . this is a wave 2 on the daily chart follow my last chart to see it
i guess u guys all seen the head and shoulders that is on daily timeframe , combined with an elliot wave 5 wave corection, but i dont;t know , i dont trade h&s
This is the final count for this correction , and i'm confident we will see 24k ! this is in confluence with the bigger abc that i posted long ago .
As you see in the chart we are on a abc corection that will finish wave 2 , after this corection we we will see the 150k that people talk about
I'm suspecting a long long wave 4 , a contracting triangle that will last 2 more months in my opinion .
in this chart i analysed using elliot waves how will bitcoin price movement will act in the future ,u have there the corective subwave 2 with 1st target at 48 , after wave 2 is confirmed we will have a beautyfull dump
As the chart show i'm waithing for a short at 6.3$ my target is at 2.5 $ , also i expect btc to fall also ,that will drag down poor alts
After a shallow pump to 1.43 $ the carnage begins ! , bitcoin will drag all alts down soon !
long for a wave C that will make the corective microwave 2 of main wave 5 , the ofc wave 3 big drop
\ada target for an A wave . after this is completed we will have \b wave impulse followed by a \c wave dump
Corection ABc after the impulse , a projection for the abc , but we will have the target sure after the B end ! , updates soon as the B ends with the target for C !
I would love to hear other elliotticions opinion on this scenario. So for now we are almost reaching the end of wave 4 wich was the longest wave of them all , wave 4 is usually the most longest wave . As we seen it broke the 0.3 fib level so i expect to reach 0.5 wave 4 maximum fib level wich is 53700 . after we complete wave 4 we will dump to the last wave 5...
ada targets if it stops wave 3 here , next target is 2.618 for wave 3
After this abc corection i expect a wave 3 wich will take us to the targets shown in chart with red lines .
this is the possible 2 scenario for btc at this moment , we can expect price to go to the targets shown in chart
We are on the last wave Y before continuing the downfall to 30k range :( . So targets for Y are level 1 and 1.27 fib , targets are in chart . Y is formed by a 535 strugture 5 waves (12345) impulse , 3 waves ABC , and another 5 waves impulse , an ABC . Cheers !