BTC in daily chart

22 мая 2024 г.

Hello
I have tried to simplify my BTC chart and remove complications to show you what might be possible for BTC. There many arguments about last rally counting and I don't want to discuss about it here and now. For the next weeks we are pretty sure that the most part of the markets are bullish (Gold, Stock, Crypto) ,so the question is that WHAT IS THEIR TARGETS. No one can forecast it now, but we can guess our ideas. My idea is following this concept of EW that says, if wave 1 and 3 are equal then we can expect from wave 5 to be extended. Even this idea goes true, we do know what extension it will make, but our regular target is 161.8.
Overall, the main reason to publish this idea definitely was not to predict the target and I just want to re-mention that WE ARE IN BULLISH MARKET.
Thanks