An Update to the Elliott Wave Count and Fibs on Bitcoin
This may not be meaningful or detailed, but it is related to an earlier post I made about Bitcoin and its recent new highs and lows. If the downtrend has ended, how high will it go? WhoTF knows? I'm just saying there are ideas that can be expressed with Fibs and Waves. Tom Petty said it well - You believe what you wanna believe!
My original idea on where price might go in wave 5 might go.... Yep, the price topped out in the middle of the three targets I chose. Link to that idea included below. I called for a price around 64K, if you wanna know.
Let's see how this one goes....
It's a guess and we are nearly in the "Sell in May and go away" time frame for stock traders/investors.
Last summer Bitcoin ripped up about (wanna guess...) 62% (1.618 - the golden ratio) starting with the breakout that began in the last week of April. Go ahead, chart it on a daily - I'll wait. See what I mean?
My original idea on where price might go in wave 5 might go.... Yep, the price topped out in the middle of the three targets I chose. Link to that idea included below. I called for a price around 64K, if you wanna know.
Let's see how this one goes....
It's a guess and we are nearly in the "Sell in May and go away" time frame for stock traders/investors.
Last summer Bitcoin ripped up about (wanna guess...) 62% (1.618 - the golden ratio) starting with the breakout that began in the last week of April. Go ahead, chart it on a daily - I'll wait. See what I mean?
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