The scenario on #Bitcoin remains the same.
I'm still expecting that we'll see some more downwards momentum pre-Trump and return upwards from there.
The ideal area is around $90K.
I've said many times that my preferred target for #Bitcoin is 157k, and I've charted it many times too. I'll link one below.
Today I'm reconsidering this count, where we are in a wave 4 with just one last (and large) push higher left to go, and there's a lot to like.
Those that have been following me for a while will know I have resisted this count. Back in April, the correction was just too short relative to wave 2 for me to consider it a wave 4, but things have dragged on and on, and got pretty boring, and as a result this count has become quite compelling.
Waves 2 and 4 are now similar in time, if lacking alternation; and wave 3 is an almost perfect 1.618 extension of wave 1, in both macro waves 3 and 5.
I've drawn wave 4 as a triangle here, which assumes the bottom is in, so that I could project a 0.618 extension for wave 5 from the lower trendline of where the triangle might complete.
That 0.618 extension lands at exactly the same level as my main target, 157k, which you can measure as a 1.618 extension of the depth of macro wave 4.
Coincidence or confluence? Probably a bit of both, and I wouldn't take it too seriously, but it's also pretty hard to ignore!
Probably doesn't play out like this, but I think it could still land somewhere close. Not a prediction, just my main target 🤞
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