BitcoinLong
BITCOIN Support, Expected Breakout, Halving Price Target
Updated
Bitcoin seems to be able to sustain price level and follow the support trend line that I described in my previous analysis
If it works out then:
1. We should expect price breakout somewhere in January (crossing point of the red downtrend line and the main trend line)
2. Price movement after the breakout should be parallel to the previous one, therefore I expect the price to be around 20K at halving (May 2020)
3. After reaching the previous ATH (20K), price should pullback, market will enter correction phase, and prepare for the last Elliott Wave of this bull run
If you like the idea you are welcome to share it
Follow me for the updates
Thanks
If it works out then:
1. We should expect price breakout somewhere in January (crossing point of the red downtrend line and the main trend line)
2. Price movement after the breakout should be parallel to the previous one, therefore I expect the price to be around 20K at halving (May 2020)
3. After reaching the previous ATH (20K), price should pullback, market will enter correction phase, and prepare for the last Elliott Wave of this bull run
If you like the idea you are welcome to share it
Follow me for the updates
Thanks
Note
Here is my previous analysis:
Note
Also please note this is not a financial advice! Always do your own research.Note
Looks like the chart worked out perfectlyI will provide new analysis soon and show expected price levels and within different time frames
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.