Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
Bitcoin Forecast - Long (Best Buy Zone 7400-7800)
Bitcoin
Long
Bitcoin Forecast - Long (Best Buy Zone 7400-7800)
By Kenneth7
Follow
Follow
Sep 26, 2019
1
7
Sep 26, 2019
This is based on Elliott's Wave Principle.
1. The first wave of increasing had completed between
3,800 - 13,800
.
2. Now we are facing on the second wave of decreasing.
BTC can be falling down
7,300 - 7,500
area which is 0.618 of the first wave.
3. The third wave of increasing will go to
19830
area, the price is exactly same with before the highest price.
4. The fourth wave of decreasing can go to
16,800
or
15,200
area which is 0.236 or 0.382 of the third wave.
For the next step to go up quickly
16,800
is the best adjustment.
5. Finally the fifth wave will be completed on
38,000
, possibly pump to
50,000
.
I guess it can be happened before
Bitcoin Block Reward Halving
.
Thank you for watching.
Bitcoin (Cryptocurrency)
Wave Analysis
Kenneth7
Follow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.