Asaysana

Asaysana

Possibility vs Probability. In Jan I charted out the possibility of revisiting the 20k price range. Looks like that idea was the one the market decided to take. Here is the link to that chart: I use Elliott Wave style TA and have determined this is likely the bottom, or very close to the bottom, of the most recent bear market beginning November 2021. My...

Asaysana Updated 

BTC may not have finished its bull run, starting March 2020. Using Fib extensions we can see that BTC hasn't quite hit the magical 4.23 fib number. If thats true, we can see we have completed the A and B legs of a 4th wave correction. This may be the end of a C wave, of an ABC correction. - Using an inverse of fib extension from the 69k high, the target...

Asaysana

Following Elliott Wave principles, we have a potential target of BTC 86K. BTC Super cycle count: Wave 1 started at the inception of BTC, ending with late 2017 peak. Wave 2 retracement was extended and ended March 10, 2020. Wave 3 ended April 2021. Wave 4 may be complete as of July 2021. Using a fib extension tool on wave 1 gives us a 4.23 @ 85.5K (red) If...