$BTC [3D] - Parabolic move to reach ~$220k pre-halving remains intact.
Currently wave 3 of ④-⑤ has started, which is likely to be the most vertical rally in this blow-off phase.
#Bitcoin Update.
I'm still waiting to see which way this correction resolves, but as long as 65.5k holds it should be the blue path (triangle).
Either way, linear and log targets for completion of wave 3 are at 90k and 115k respectively. I have somewhat always expected wave 3 to be ~100k but we'll have to see.
$BTC [3D] - Parabola is fully intact to reach ~$220k pre-halving.
Price is starting subsubwave 3 of subwave 3 of wave ④-⑤
Invalidation of specific ④-⑤ count: drop below $62.3k
#Bitcoin#BlowOffTop
#BTC This looks like the type of a structure that precedes a massive move
A quick reclaim of POC at 67.6k increases probability that correction is complete
#Bitcoin LTF Elliott Wave Update.
Slightly modified since my last post. If this is not another nested 1-2, then i think we are likely in sub-wave 4 (of 3).
Two channels drawn. The base channel is connected off the macro lows and and pulled up to the wave 1 high. BTC broke out of that in Feb. I'm using a pitchfork off waves 1 and 2 as a guide for the trend channel.
Current sub wave 4 in progress. The B wave high over Easter retraced less than 90% of A, so it's not a flat pattern, and that gives us alternation with the Dec-Jan correction.
Could be a sharp with wave C down into the high 50s, or we see a triangle develop, keeping Bitcoin above 62k macro fib support. I would much prefer the latter!
Wave 3 high is positioned anywhere up to 100k towards the middle of the year. Doesn't have to hit it, could be earlier, could be later, it's just a guide. Wave 4 is positioned in a seasonally weak time of the year and quite often retraces and retests the base channel. Wave 5 continues the trend higher.
Dates and prices can and almost certainly will shift, but that's approximately where I think we are at right now.