Is this the bull run we have all been waiting for? Previously we talked about how equality of corrective waves in the abc formation could be a factor to Bitcoin heading lower. I wouldn't keep my hopes up. We may revisit the $4200-$4500s level before a possible bull run.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
Remember, my wave targets and channels are estimate target levels and are based on Fibonacci and Elliot Wave Principles. They are subject to possible adjustments. Timeframe was not taken into consideration when projecting targets.
DISCLAIMER: THIS IS NOT PROFESSIONAL ADVICE BUT MY PERSONAL REFLECTION OF THE MARKET.
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Another scenario that could be happening. It looks like a wedge may have developed in the c wave of the second zigzag. A break of the white line which is our 100 MA on the daily could confirm the bull run we have been waiting for.
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