BITCOIN WILL BE IN UPTREND FOR NEXT TWO YEARS- FRACTAL AND EW
bitcoin will remain bullish for long term IF it can hold 4800
BUllISH scenario
-according to Elliot it can be 5 wave impulse and 5th must be completed
-according to fractals we will have at least 3 years uptrend
stop lose= close weakly below 4800
targets:
end of 2020: 20000
end of 2021: above 100000
Bearish scenario(low possibility)
it can be a big ABC wave and it is in wave 2
this scenario will be confirmed if it go to below 4k and we will NOT see 20k
Do not forget stop lose in any trade. it can save you...
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BUllISH scenario
-according to Elliot it can be 5 wave impulse and 5th must be completed
-according to fractals we will have at least 3 years uptrend
stop lose= close weakly below 4800
targets:
end of 2020: 20000
end of 2021: above 100000
Bearish scenario(low possibility)
it can be a big ABC wave and it is in wave 2
this scenario will be confirmed if it go to below 4k and we will NOT see 20k
Do not forget stop lose in any trade. it can save you...
LIKE and comment if this analysis was useful for you
thank you