BTCUSD Elliott Wave Forecast - Update

25 เม.ย. 2021

Hello everyone,

BTC reached the third extended target of 56.6k fairly comfortably (please see linked ideas below). Although there was an initial pull back to the 44k level, BTC has since moved up beyond the target albeit in a correctional nature (more on that correctional sequence in the following idea) to just below 65k . Since then we have witnessed BTC play between these levels and going by recent price action it is evident that this level has become a strong support zone .

Although it's possible that we have seen a short term top for BTC , judging by it's new found support and the correctional sequence mentioned above, we believe there could be a final push up to complete wave 3. The chart illustrates a fourth extended wave 3 projection between 77.2k and 80.2k. This would be our final wave 3 extension, should BTC extend significantly further then it is likely the count will be invalidated. We'll focus on the alternate count should this occur.

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Thank you for taking the time.


BeyondEdge



Disclaimer

This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea.

Trust your own analysis.
BeyondEdge