BTC Prognosis with Elliott Waves and Fibo

in bitcoin •  7 years ago  (edited)

Just playing around with Fibo´s and the Elliott Wave Theory on the BTC Daily Chart.
I guess the following could happen:

Green Lines: 5 Waves (1,2,3,4,5)
Red Lines: 3 Waves (A,B,C)
White Lines: New 5 Waves for the future Price
BTC Elliott Wave Prognosis.jpg

BTC Elliott Wave Prognosis FIBO Wave2.jpg

BTC Elliott Wave Prognosis FIBO Wave3.jpg

BTC Elliott Wave Prognosis FIBO Wave4.jpg

BTC Elliott Wave Prognosis FIBO Wave5.jpg

Thats just my theory...
What do you think?
Let me know.

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Interesting! Thanks for sharing! Do you think it could possibly go below 3000? I think the price was a bit more stable today.

I think it is possible, for sure. This little up in Price, was a retest of the $4380 USD Resistance, i guess.
On the H1 Chart, it now looks like we get another M-Pattern and the Price is going to fall to the $4120 USD Mark again.
Then we will see, if it bounces back or we get a breaktrough.

Again, just my opinion ;-)

BTC M.jpg

Thank you!!