Reflecting changes based on the recent price action. Still expecting this wave 1 of 3 of the new cycle to top in mid-80k range
Let's find out how real free-will is. This is in continuation of the previous idea posted in June'23 predicting this 5 wave structure. The targets have changed, and now expect this wave to end above of 85k.
Elliot Wave Analysis for BTCUSD as of June 29 2023. Predicts the most Likely Scenario based on the current waves completed.
Be ready to witness perhaps the best times of your lives.
Stocks to the mewwwwnnnnn <3 Extended Elliott wave 5. So damn similar to 1920s, hold my drink for the great depression :)
Choose your line (snorts a random orange line)
Most likely scenario since we already have wave 1 and 2 and also wave 1 of 3 and 2 of 3 (sort of invalidated/rarified the 423% target. 161.8% is also not too probable now but definitely a considerable scenario.
USA economy expected to get hit now and DJIA reaches 161.8% target for wave 3.
It looks like we are headed to finish the 5 wave cycle at the 100% target. There are at-least these 2 possible paths. Are you prepared for the great depression?
Went more bullish than expected, classic BTC. Anyways HODL fo now.
refer to my previous idea for the more probable scenario.
Yes, I change my count and yes i'm not always right. wateva
Time to HODL
current most likely scenario: we are in wave 4 which retraced 61.8% of wave 3 (to around 9200). and now we are forming the C wave of a flat triangle. C wave of triangle = 61.8% of A and (E wave = 61.8% of C, D = 61.8% of B). Enjoy the ranging, cheers!
well, retrace of the move from 3k to 20k, then the upwards rally to 80k++ (by 2020 end, yes!)