Cycle Analysis and Elliott waves.
The target is around $ 1000.
The target is around $ 1000.
注释
I will do a macro analysis update soon.There are different macrocycles playing out that affect Bitcoin.
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Pitchforks adjusted:s3.tradingview.com/snapshots/w/wlpcJYIh.png
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That is a strong reaction from the Fibonacci algorithm confluence zone.s3.tradingview.com/snapshots/w/wymRxVeH.png
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There is a slight break of the square root of 0.5 if I pull the Fibonacci algortithm from the old pivot. If we pull it from the lowest pivot before the rise the square root of 0.5 did actually hold: I will wait and see what price does it is too early to call.
If the lowest pivot does not hold then the most domiant algorithm from the major swing low to the major swing high needs to hold:
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