Bitcoin looks to be heading for 5000 or lower (Elliott Wave)
Bitcoin : Updated Count : Both Hypo 1 and Hypo 2 suggesting more downside for now.
Hypo 1 : Suggesting that we are moving down for W.b of W.X as an Expanded Flat type of structure.
Hypo 2 : Suggesting that W.X is already complete and we are moving down for W.Y as a Double Zig Zag.
The only possibility in which we will see a move above 6492 high and then the move down move is when W .x continues as a Flat type of structure before giving the down move, the same will only become clear with time.
From the above it seems that Bitcoin is heading down for 5000 or lower levels.
Hypo 1 : Suggesting that we are moving down for W.b of W.X as an Expanded Flat type of structure.
Hypo 2 : Suggesting that W.X is already complete and we are moving down for W.Y as a Double Zig Zag.
The only possibility in which we will see a move above 6492 high and then the move down move is when W .x continues as a Flat type of structure before giving the down move, the same will only become clear with time.
From the above it seems that Bitcoin is heading down for 5000 or lower levels.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
