BTC to reach 100K in 2023
Chart: 1 month timeframe, Logarithmic scale
Indicator: Stochastic
Analysis made based on Elliot Waves, on the monthly logarithmic scale:
Using some simple Fibonacci projections we can see two possible targets:
Indicator: Stochastic
Analysis made based on Elliot Waves, on the monthly logarithmic scale:
- One possible wave count suggest that we had wave 3 already and we are currently in wave 4
- If we are in wave 4, an ABC pattern is underway to be formed
Using some simple Fibonacci projections we can see two possible targets:
- Soon a reversal with wave C with a possible level of around 20K
- After wave 4 finishes, a possible wave 5 could be formed with the target of 100K
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.