BTC Harmonic Elliott Wave and Hurst Cyclic Analysis
Review:
Let's review the key points of the previous update (Dec 16th 2023):
Update:
January 23rd was the date that BTC bottomed and started a strong bullish rally. Right now, we are in wave (4) developing as a double zigzag.
The upcoming rough is a 80D cycle trough on March 31st. The 18M cycle trough is expected early June 2024. I see the peak coming around 80K in the next few weeks before the strong bearishness of the 18M cycle kicks in.
Let's review the key points of the previous update (Dec 16th 2023):
- In wave IV of C of (3).
- In the second 20D cycle of the first 40D cycle of the second 80D cycle of the first 20W cycle of the current 40W cycle.
- 80D cycle trough 21nd January to 2nd February 2024.
- 40W cycle trough in June 2024.
Update:
January 23rd was the date that BTC bottomed and started a strong bullish rally. Right now, we are in wave (4) developing as a double zigzag.
The upcoming rough is a 80D cycle trough on March 31st. The 18M cycle trough is expected early June 2024. I see the peak coming around 80K in the next few weeks before the strong bearishness of the 18M cycle kicks in.
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Publications connexes
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.