Today I will present you the current best case scenario for BTC. If correct, it will bring BTC back to 14000$ in only a few weeks (6-12 weeks is my estimation).
I think this is yellow wave 1, because it fits the picture better than a small wave 3. This abcde triangle fractal also makes sense if it is indeed yellow wave 1:
If correct, I would have to adjust blue wave 1 a few thousand $ higher than shown in the lower picture.
The downtrend is likely done and it could soon look like this:
Let's hope for the best... Stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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