davidlink

BTC to 8k before bounce?

COINBASE:BTCUSD   比特幣 / 美元
Looking at the short-term, it looks to me like we're downward in a C wave that I can see retracing to 8200-8700, somewhere between the .5 and .618 FIB level. If my count is accurate and the larger trend continues, Wave 3's target should be at least 14000, with the possibility for FOMO volume to push it to 17000 before the Wave 4 retracement.

The timeframe is still unclear and obviously dependent on fundamental factors and the possibility for additional future wave failures.

Recommend everyone do their own research and not depend on this or anyone else's analysis as any type of financial advice. Good luck!
評論: So, my timeline was off, but my price target was accurate. Assuming that yesterday's low of 8370 was the true bottom of this retracement wave, I feel confident placing our next target at 14356.

As always, I recommend everyone do their own research and not depend on this or anyone else's analysis as any type of financial advice. Good luck!
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