jimmyjazz3000

BTC vs USD Elliott Wave and Chartism

Long
COINBASE:BTCUSD   Bitcoin / Dollar
Hello
Here is an unfolding possible for the bitcoin , combining Elliott waves and chartism.
The wave 5 could unfold around 54K if counting these waves are correct in terms of location, assuming we just finished a 4 and the 5 is coming to 1.618 as these 54K .
Fibonnacci was placed as a trend continuation (the one with 3 clicks), from point 0 in march, then to the top of the first wave and bottom of the 4, as wave 3 passed its 1.618.
Another chartist reading is that, it can be also seen as an ending bullish flag , reporting the stick giving approx the same target, 54K .
Of course this is not an investment advice.
All the best,
Jim

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