Bitcoin (BTCUSD) has successfully completed an Elliott impulse wave (12345) and is now in a 3-wave corrective sequence (ABC) that touched the Fibonacci retracement at 0.618 ($3,910).
BTC may stayed a while in this range with the formation of a new Elliott flat pattern (ABC), before to start an second uptrend, this time toward the next resistance at $4.400.
The formation of this new 5-wave impulse sequence with $5k target should be reached by Xmas day as requested in my letter to Santa Claus! LOL
Merry Christmas everyone. :-)
Note: I am studying TAs and not an expert, so any comment to improve my chart analysis will be welcomed.
BTC may stayed a while in this range with the formation of a new Elliott flat pattern (ABC), before to start an second uptrend, this time toward the next resistance at $4.400.
The formation of this new 5-wave impulse sequence with $5k target should be reached by Xmas day as requested in my letter to Santa Claus! LOL
Merry Christmas everyone. :-)
Note: I am studying TAs and not an expert, so any comment to improve my chart analysis will be welcomed.
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