What happened to Bitcoin next?

2021年8月18日

Well seems like my last elliot wave idea is working. Now that we have more data, I update the wave. Seems that we are at the third corrective wave (C wave). And we are at the second phase of that. Now I am expecting bitcoin to goes up to the range of 45.7k to 46.4k (good area to short) and suffer another drop. This last drop will be very critical because if in this lat drop bitcoin closes below 44.2k in the 4H timeframe, we might break further down. The reason is because we will confirm the big rising wedge pattern. I am expecting this wave to come to a conclusion by today or max tomorrow. And if we hold this level, we might see another 5 wave to the upside with a target of 50k to 52k.