ðĨ A Bullish Case For Bitcoin: Elliot Waves Update
Recently I've gotten a more bearish outlook on the markets. BTC keeps selling off due to bad macro news, which makes it less likely that we see another pump in the near future.
On the other hand, BTC has seemingly bounced from the exact area that I expected a bounce from in my Elliot Waves analyses before.
Not sure how likely it is at this point in time that BTC will follow my Elliot Waves pattern, especially with the stock markets being as overbought as they are, but it's good to look at both sides of the market.
My bullish target for this year still remains between 36,000 - 40,000.
Share your thoughtsð
On the other hand, BTC has seemingly bounced from the exact area that I expected a bounce from in my Elliot Waves analyses before.
Not sure how likely it is at this point in time that BTC will follow my Elliot Waves pattern, especially with the stock markets being as overbought as they are, but it's good to look at both sides of the market.
My bullish target for this year still remains between 36,000 - 40,000.
Share your thoughtsð
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Looking good so far.
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