BItcoin Forecast (KS, CTM and white Russian models referenced)
A bitcoin forcast idea building on 3 other models and Elliot wave, Big shout out to... Ken @ Crypto trading KS Jordan and CTM team White Russian.
The idea I think we have two more waves in this cycle as we have only had one Hodl wave so far...so to create the next two waves I have taken three fractals from previous cycles and arranged them to form the potential move. 1- Impulse fractal - 2013 final leg up. 2- Corrective fractal- 2019 correction, but ending after reversal and removing covid capitulation event. 3- Impulse fractal- 2017 final leg up.
Why do I think something like this could happen? 1) a Perfect fit with Upper channel resistance... First wave bounce off around 250k, then pull back to mid resistance line, followed by blow off top breaking upper channel to $700 to £1m (often happens with a wave 3 move) 2) Perfect parabolic curve can be created. 3) Timings fit very well into KS model 4) Elliot wave count looks good, and suggested we are in a massive extended wave 3 so two more waves could be expected.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.