Trying out Fibonacci Channels, Elliott Wave counts, with Fibonacci Extensions and Retracements correlations for price and date targets
Estimates:
Wave 2 finishing around $8200 (50% of wave 1) Right around the halving Wave 3 finishing around $18000 (161.8% of Wave 1) Date target May 20th
Wave 4 and 5 are questionable and dependent on Wave 4's behavior Estimating wave 4 corrects 38.2% of wave 3 around beginning of July (Error in image, fib retracement tool reversed) and finishing Wave 5 around $22000 around August 20th
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Here are some Fibonacci Time Extension estimates The first one is Wave 1 compared to Wave 3 Second is Wave 2 compared to wave 4 This is experimental
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Just to add it here, my wave count for wave 1-2 in the shown labeling
hope this works
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IF (big if) Bitcoin PASSES $18,000 then the next target would be $30,000 possibly July 4th However this scenario has a much lower probability then $18,000 target May 26th
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Estimate - Wave 3 broken down into one lesser degree
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There is a chance that $8700 holds at the 38.2% retracement as a WXY Trying out a measured move from the Three Falling Peaks correlates. Fibonacci Extension pulled around first peak to lower low then to higher high also gives a 161.8% extension target at $8700 This would alter the price and date targets for the end of wave 3 Maybe we make a Triple Combination WXYXZ down to $8200 I am still trying to analyze the correction
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Thinking the correction ends here 50% retracement of $6455-10522 Also the 161.8% extension was hit