Wave-2 Ending on Bitcoin, Wave-3 could go to 38k (Elliott Wave)

27. Dez. 2021

Wave-2 is equal in time to Wave-1, and has retraced more than 38%. Wave-1 also looks corrective and wave-2 looks like it formed into a double combination. These signs and the bigger picture also indicates it is likely that this impulse forms into a terminal pattern and should get quickly retraced after March.

Wave-3 should go to around 38k which is equal to 61% of wave-1, then wave-4 will probably relate to wave-2 by 61% and wave-5 will relate to wave-3 by 61%. This should put us around 35-36k in Feb/March before we see a meteoric rise for the rest of 2022.

5. Jan. 2022

Anmerkung

Looks like wave-3 is probably forming into a zigzag or a double combination. Wave-b/x is probably finishing up now and the next wave down should be beginning soon.

7. Jan. 2022

Trade geschlossen: Ziel wurde erreicht

Wave-3 has reached the minimum price target and we are nearing the end of the allotted time, we could go a little bit lower but momentum and price action are indicating we're near a potential bottom.

Wave-4 should relate to wave-2 by 61% and take about 2 weeks before we get the next wave down.

7. Jan. 2022

Anmerkung

It's almost definitely heading much lower

10. Jan. 2022

Anmerkung

Moving to this new count because no bottom is forming for wave-3 based on the old count.