2/2 The Elliott conditions hold:
+ Each 2-year #bullcycle impulse wave qualifies as a smaller Elliott impulse wave itself (1-5)
+ Each 1-year pullback qualifies as a Elliott correction wave (ABC)
Targets wave 4-5 in 2021:
+ 211k
@ 2.272 exp. fib.
+ 127k
@ 2 exp. fib.
#Bitcoin
Observations for $BTC:
+ We are in a bullcycle;
+ Blue 3-4 countertrend wave qualifies as an Elliott correction wave already (White ABC);
Triangle:
+ Target to upside ~51k;
- Target to downside ~21k;
Key level to watch: 30k.