SUMMARY
A breakout is very likely and the purple Elliott Waves project an impulse rise for wave 5. This would be a 280% profit potential. Will this happen overnight?No, it'll happen in a five wave impulse. Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex. The past is no guarantee of future performance, fractal impacts do linger.
IF price goes below the upper white trendline and stays there, then we have a different scenario and analysis will be updated.
The red ABC correction is a FLAT with subwaves showing the 3,3,5 in precision. The Hurry Up & Wait syndrome has been in full effect. This is when the impulse moves near vertical and the correction phase slows to a crawl.
A breakout is very likely and the purple Elliott Waves project an impulse rise to 123213 Satoshi for wave 5. This would be a 11280% profit potential. Will this happen overnight? No, it'll happen in a five wave impulse.
Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
