ОБМЕН КРИПТОВАЛЮТ В РОССИИ ЮРИДИЧЕСКИ ОФОРМИТЬ... ₿ITCOIN: In the one hour chart it seems BTC is in a Descending Triangle that projects an objective at 8k. That's for the short term, my analysis for the medium and long term remains the same as bellow:
In terms of Elliott Waves' theory, I understand BTC has now started wave 3 of the big WAVE V of the upward cycle that started in June 2012 at the $5,00 level. After all, no Asset price starts at zero and that's why we do not consider the movement from $0.06 to $35.00 that happened in 2010/11 in our Elliott Wave cycle analysis. With that in mind, the projections that one could do for Bitcoin are astonishing:
- If it only repeats wave 5 of WAVE III - $ 65k
- If it repeats WAVE III - $ 340k
- If it repeats WAVE I - $ 720k
In terms of Elliott Waves' theory, I understand BTC has now started wave 3 of the big WAVE V of the upward cycle that started in June 2012 at the $5,00 level. After all, no Asset price starts at zero and that's why we do not consider the movement from $0.06 to $35.00 that happened in 2010/11 in our Elliott Wave cycle analysis. With that in mind, the projections that one could do for Bitcoin are astonishing:
- If it only repeats wave 5 of WAVE III - $ 65k
- If it repeats WAVE III - $ 340k
- If it repeats WAVE I - $ 720k
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