BTC Forecast - Elliot Wave Targets Next 60 Days - 60k to 100k
If we assume the standard ratios for wave 5 EW .. low end ~61k, high end ~100k. My personal target around 88k by second week of April.. though EW supports 100k at the high end too. Link here to the snapshot, 9 times out of 10 TradingView skews any angle trends I plot based on how zoomed in/out you are on your web browser, apologies but not sure how to fix that.
• Target 1: 61k • Target 2: 66k • Target 3 (my personal bullish divergence target) 71-72k by 28 March • Target 4 (likely top based on general timeline and angle trends) 88k by mid April • Target 5 and 6 around 100k by late April
Assumptions: • Wave 2 is around 50% of wave 1 • Wave 3 is around 161.8% of wave 1 • Wave 4 is around 38.2% of wave 3 • Wave 5 is a range from inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
Notes: • This is invalidated if I am terrible at TA (entirely possible) or if it breaks South of the current channel its been in since the start of year. • I am relately novice at TA so welcome feedback or other thoughts