BTC MONTHLY WAVE STRUCTURE [BASIC]
Been seeing patterns on charts all morning and had to just get them out of my head and onto a chart!
A simple bullish approach to Bitcoin's long-term price movement using basic Elliott Waves on the monthly timeframe.
Pink arrows represent MAJOR Elliott Wave movements
Purple boxes indicate key liquidity zones as well as a rough guide for potential entry / exit / buyback areas
Green dotted line represents BTC top as of 15:09 06/Oct/21
May 2024 halving would occur just after the completion of this theoretical Elliot Wave cycle.
What would happen after I wonder?!
Liquidity box zones will need to be adjusted over the years.
Not financial advice.
I do this for personal enjoyment, and realize other indicators may conflict with this analysis.
A simple bullish approach to Bitcoin's long-term price movement using basic Elliott Waves on the monthly timeframe.
Pink arrows represent MAJOR Elliott Wave movements
Purple boxes indicate key liquidity zones as well as a rough guide for potential entry / exit / buyback areas
Green dotted line represents BTC top as of 15:09 06/Oct/21
May 2024 halving would occur just after the completion of this theoretical Elliot Wave cycle.
What would happen after I wonder?!
Liquidity box zones will need to be adjusted over the years.
Not financial advice.
I do this for personal enjoyment, and realize other indicators may conflict with this analysis.
Note
The weekly candle closing above 60k will be an important event this evening for bullish continuation!
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.