$30,000 for Bitcoin by the end of 2021 according to Elliot Waves
🌊 Elliott Wave Theory from a macro perspective shows a rather interesting results.
🔹 If we start wave counting from December 2018, then in the summer of 2019 Bitcoin completed 1st wave of the new super cycle.
🔹 Following ABC-correction ended in March and now BTC is starting the 3rd wave formation.
🔹 Wave 3 consists of a 5-wave smaller cycle, where each wave also has a similar structure.
🔹 We could expect 1st wave of a smaller cycle to be completed in $11,500-$12,000 zone. ABC-correction, which will be completed by the end of 2020, is expected after.
🔹 The continuation of this wave cycle is likely to lead the price of Bitcoin to $20,000, and then to $30,000 by the end of 2021.
🤩 And this will only be the 3rd wave of the 5-wave super cycle...
🔹 If we start wave counting from December 2018, then in the summer of 2019 Bitcoin completed 1st wave of the new super cycle.
🔹 Following ABC-correction ended in March and now BTC is starting the 3rd wave formation.
🔹 Wave 3 consists of a 5-wave smaller cycle, where each wave also has a similar structure.
🔹 We could expect 1st wave of a smaller cycle to be completed in $11,500-$12,000 zone. ABC-correction, which will be completed by the end of 2020, is expected after.
🔹 The continuation of this wave cycle is likely to lead the price of Bitcoin to $20,000, and then to $30,000 by the end of 2021.
🤩 And this will only be the 3rd wave of the 5-wave super cycle...
Note
⚠️ This idea is a hypothetical simulation of the price in the future and is not a basis for entering a trade. Personally, I do not trade waves, I only use them as an additional factor.Note
200-week moving average can be considered as an additional factor. Bitcoin has never truly broken through it. I admit that the price can retest it on correction.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.