this is what i think for daily and weekly time frame and i think this is a more possible scenario share your opinion and send me your comment
i think btc should test 38700 again but its possible to break 40500 and continue up trend
i think this is a diametric diamond pattern get complete but i am not sure this is an ABC X ABC or diametric
so we looking closer to btc chart this analysis depends on the previous two analyzes
depend on last analysis if we analysis btc on 15 time frame we have an Horizontal expanded triangle and wave E starting to be complete
we are in zigzag pattern and we are in wave B , wave B is a Standard or reverse Alternation Neutral , but trend line show us Standard pattern is more possible one , so i show you where and when price can go for wave E
all things come in chart , base on elliot waves and trend analys
base on elliot wave i think this 2 senario get happen for btcusdt plz leave me a comment and like if this anlyis is useful for you <3
senario 1 seem going to happen if we touch last HH (42700)
you should know about this senario that i try to show you minimum gain in chart wave 3 can go up more than 161/8 % of wave 3 , wave 3 can be 200 - 261/8 - even 323/6 % of wave 1
i think we have 5 impulse wave for alpha then a correction and a bigger cycle after that
there is 2 senaro for btc senario 1 : we have a 5 wave and price come up to 51500 senario 2 we have a 3 wave and we are going for 24k - 19k if senario 1 get happen the max price at this move should be around 51500 and price should going up from 0.382 of fibo ret (37500) if senario 2 get happen we sould lose support 0.382 fibo senario 1 wave count shown with blue...
price can come up to 2750 and then we have a zig zag correction pattern to lower price
i think this senario can get happen what are you think about this? base on elliot wave