stantm23

Bitcoin Elliot waves- no 5 (last bull waves)

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
This will be the last bull waves for Bitcoin coming after slight consolidation for another ~5days. After that, Elliot waves no 5 kicks in and will trigger another bull run this time for about ~20 days (based on wave no 2 to no 3). Expected bull increase will be around the 43% mark for 2-3 week hitting new high with resistance around the $70k mark. The current dip of -26% is inline with the dip from no1 to no 2 (-23%) and currently is over the $43k mark lowest point. Unless the price breaks support of $40k (also co-incide with No 1 ATH) there will be a change of trend, otherwise we anticipate the bull to go all time high in Apr 2021.

https://www.tradingview.com/chart/w6MeKLx7/

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