BTC update 29.05.2020

in #btc4 years ago

I think BTC is showing us one of the most common wave 4 patterns, an Elliot Wave Triangle.

As shown in one of my previous posts, BTC is right on track to a new bull market. Once wave e of 4 is complete, we should see the next leg up. My target for wave e is $9000. This count is invalid if the wave c low is breached ($8620).



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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Have a nice day :-)

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Once we cross 10.4k convincingly, where will you set the next level? 14K?

12k next, then 14k. At 14k I expect a decision if this bigger wave 1 ends or continues higher. Dream scenario would be 16k, 10k, 25k.