Bitcoin very likely roadmap.

I usually do ElliottWave(EW) for the long-term roadmap rather than for day trading because I think using ElliottWave for small time frames & day trading is a bit overkill and most of the time it hurts your brain and actually is not reliable compared to other basic indicators like RSI, MACD, EMA etc..

But for the long-term roadmap, I'm sure there is no indicator that can be more precise than EW if you do the calculation right.

So, here is your very likely roadmap in the next couple of months ( unfortunately, this bear market is not gonna end that soon ).

So we have 2 likely scenarios

1/
a/ We're still on the sub-wave 5th of the big Wave 3rd and might have a small push down to the 3k - 3k1 area. After that wave 4th will take the turn and bounce to the 4k+ area. Eventually, wave 5th will push the price down to the 2k5 area ( 0.618 from the 1st wave).

b/ Similar to 1a, but wave 5th's target is 1k5 ( 1:1 from the 1st wave ).

2/
a/ We're actually on wave 4th. Bitcoin will bounce to the 4k+ area and wave 5th will push the price down to 2k5 area (0.618 from the 1st wave).
b/ similar to 2a, but wave 5th's target is 1k5 ( 1:1 from the 1st wave).


To recap. Bitcoin will bounce to the 4k+ area before tank the 2k5 or 1k5 area.