Bitcoin $50 000+ MOON - Bullish Year Run Down.. But HOW..?!?
Hello my people !! Today we're looking at BTC for long term investment and scaling in and out of it. Let's get started..! I strongly believe Bitcoin is just getting started, with all of the mainstream exposure it has gotten in the last couple of months and the infinite possibilities behind Blockchain technology.
I am fairly certain that the move from $3 000 to $20 000 Is actually the First Wave of a bigger Elliott Wave leading us all the way up to the $50 000 area (multiple months from now). As we all know the very core of market structures is Elliott Waves and Head & Shoulder patterns. When a 5 wave cycle ends an head and shoulder pattern is formed which indicates a switch in momentum (either from bullish to bearish or the other way around). The 4th and 5th wave creates the left shoulder and half of the head. The first and second wave of the new reversal Elliott Waves confirms the Head & Shoulder pattern which safely indicates a switch in momentum. This is EXACTLY what happened in $16 000 to $20 000 area and the price went down creating the second wave (correction wave) which is set to end at around $4700 based off of the Elliott Waves rules, which are VERY precise and more than often yield an EXTREMELY accurate price prediction. Keywords here ''more than often'' meaning it is NOT a certainty but the odds are in our favor.
I believe we are about to see the same reversal pattern once the price dips to $4700 and the 3rd wave (of the bigger picture leading us to the 2.618 FIB hit from the first wave ($46 000 area)) begins. This wave will be BIGGEST the MOST VOLATILE AND DEFINITE of the pattern (again part of Elliott Waves pattern rules). We will then re-enter a consolidation level (wave 4 which will retrace a very big chunk of the market) only to go back up and take the top of the 3rd wave ($46 000 area). Only once the 3rd wave is complete that we will have the required data to come up with an educated guess on where the 5th wave will end(but roughly in the $50 000 area+).
This analysis is subject to change depending on how the market reacts. But you have to ask yourself.. Is Crypto still bullish long term? I think I can assume most people answer to that question... YES. And if it is then the Elliott Waves theory is the best way to approach that ''bullishness'' and have an investment strategy with sell targets and re-entry targets.
Please follow, like and comment if you agree!
I am fairly certain that the move from $3 000 to $20 000 Is actually the First Wave of a bigger Elliott Wave leading us all the way up to the $50 000 area (multiple months from now). As we all know the very core of market structures is Elliott Waves and Head & Shoulder patterns. When a 5 wave cycle ends an head and shoulder pattern is formed which indicates a switch in momentum (either from bullish to bearish or the other way around). The 4th and 5th wave creates the left shoulder and half of the head. The first and second wave of the new reversal Elliott Waves confirms the Head & Shoulder pattern which safely indicates a switch in momentum. This is EXACTLY what happened in $16 000 to $20 000 area and the price went down creating the second wave (correction wave) which is set to end at around $4700 based off of the Elliott Waves rules, which are VERY precise and more than often yield an EXTREMELY accurate price prediction. Keywords here ''more than often'' meaning it is NOT a certainty but the odds are in our favor.
I believe we are about to see the same reversal pattern once the price dips to $4700 and the 3rd wave (of the bigger picture leading us to the 2.618 FIB hit from the first wave ($46 000 area)) begins. This wave will be BIGGEST the MOST VOLATILE AND DEFINITE of the pattern (again part of Elliott Waves pattern rules). We will then re-enter a consolidation level (wave 4 which will retrace a very big chunk of the market) only to go back up and take the top of the 3rd wave ($46 000 area). Only once the 3rd wave is complete that we will have the required data to come up with an educated guess on where the 5th wave will end(but roughly in the $50 000 area+).
This analysis is subject to change depending on how the market reacts. But you have to ask yourself.. Is Crypto still bullish long term? I think I can assume most people answer to that question... YES. And if it is then the Elliott Waves theory is the best way to approach that ''bullishness'' and have an investment strategy with sell targets and re-entry targets.
Please follow, like and comment if you agree!
