So Bitcoin has finally flipped from bearish in April to bullish in May 25.
As per Elliott Wave theory, it has been printing a clear Wave 1 from the bottom below (aprox. @$74.500).
At the time of this post, btc is @ the impressive price of $102.289.
I has clearly made a subwave 1, 2, 3, 4 and its on its way of finishing up subwave 5.
Thing is... this looks as a non stop movement for the time being.
That´s how BULLISH everyone hast turned.
My projection is that the whole swing should finally end somewhere between $104.600 - $105.300 (even if it could push a bit higher, such as $106.200 or so). Yes, it could go even further and then $107k, 109 and 110 would be open. But it seems fare reaching.
I rather stick to the former:
Wave 1 would end at around $104.600 - $105.300, and Wave 2 correction could take us somewhere between $93.500 and $88.750 (give or take).
It´s game! Let´s see how this finally plays out...
Bias: BULLISH
As per Elliott Wave theory, it has been printing a clear Wave 1 from the bottom below (aprox. @$74.500).
At the time of this post, btc is @ the impressive price of $102.289.
I has clearly made a subwave 1, 2, 3, 4 and its on its way of finishing up subwave 5.
Thing is... this looks as a non stop movement for the time being.
That´s how BULLISH everyone hast turned.
My projection is that the whole swing should finally end somewhere between $104.600 - $105.300 (even if it could push a bit higher, such as $106.200 or so). Yes, it could go even further and then $107k, 109 and 110 would be open. But it seems fare reaching.
I rather stick to the former:
Wave 1 would end at around $104.600 - $105.300, and Wave 2 correction could take us somewhere between $93.500 and $88.750 (give or take).
It´s game! Let´s see how this finally plays out...
Bias: BULLISH
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