BTCUSD Elliott Wave Forecast - Update

Hello everyone,

BTC reached the second extended target of 46.4k (please see linked ideas below).

I mentioned a potential rise further into the 50k zone which is the third extended target of 56.6k. Although a potential third extension is another 10k move upwards, I wouldn't be surprised to see this level achieved without a decent retracement.

There is the possibility that wave 3 completes here and a correcting structure follows (wave 4). Targets for that are in my previous idea linked below. Let's see how it plays out from here before looking into the possibility of any deeper corrections.

Follow for further updates. Your 'likes' are much appreciated and your comments are most welcomed.

Thank you for taking the time. Trade safe!

Beyond Edge



Disclaimer

This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea.

Trust your own analysis.
Beyond Edge