Cryptocurrencies Strategy Trends

BITCOIN: the Count to the 14000 USD

Yep! , that is my Elliot Waves count, updated and pointing towards 14000 USD according to what I can observe right now at the chart.

If my count is fine the third wave have terminated, having reached around 8384 USD, a little more than I was lately expecting that was around 8000.

BITCOIN and the whole market is correcting, building the 4th wave downwards:

Currently, there is a daily exchange volume of 75 Billion USD for the total market, which is enormous and encouraging despite a few days ago we reached higher values, it is indeed a level of volume never seen before.

For that reason I think this “healthy” correction would last very short but I do not rule out the possibility that BITCOIN will again touch the $ 6400 before resuming upwards, forming an explosive 5th wave.


Why am I referring to 14000 USD at the post title?


Simply because it seems to be the target projection of the famous “Inverted HEAD and SHOULDERS” patterns we see in the daily:

Bulls are back in crypto town 😉


Enjoy!


@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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