Will BTC hit 75,000 USD in following of elliott wave?

2021年10月21日

As the Elliott wave, if we start the flow from the beginning of the bullish market it is in the 3rd wave now,
So if it ends up its flow around 66,000, we should consider a correction from 66,000 to around 51,000 as of the 4th wave.

Then it would be ready for a huge jump to a new target of around 75,000 and ...

The BTC has two important areas:

1st: 58,000 to 60,000 ; the midline support is not too strong.

2nd: 50,000 to 53,000 ; the bottom of trend channel with good support area.

if the price broke the 50,000 as a correction in the future, the Elliott scenario will be failed and BTC could make a head and shoulder pattern that reverses the bullish market.

2021年11月8日

註釋

As we can see the BTC is moving between expected support and resistance area naturally.
If BTC hits the 70,000 we can expect to reach 75,000 , then we have a new weak support area around 65,000 to 70,000. If you want to buy be careful, please, because it could have a correction in any top level in the future.