BItcoin Forecast (KS, CTM and white Russian models referenced)
A bitcoin forcast idea building on 3 other models and Elliot wave, Big shout out to...
Ken @ Crypto trading KS
Jordan and CTM team
White Russian.
The idea
I think we have two more waves in this cycle as we have only had one Hodl wave so far...so to create the next two waves I have taken three fractals from previous cycles and arranged them to form the potential move.
1- Impulse fractal - 2013 final leg up.
2- Corrective fractal- 2019 correction, but ending after reversal and removing covid capitulation event.
3- Impulse fractal- 2017 final leg up.
Why do I think something like this could happen?
1) a Perfect fit with Upper channel resistance... First wave bounce off around 250k, then pull back to mid resistance line, followed by blow off top breaking upper channel to $700 to £1m (often happens with a wave 3 move)
2) Perfect parabolic curve can be created.
3) Timings fit very well into KS model
4) Elliot wave count looks good, and suggested we are in a massive extended wave 3 so two more waves could be expected.
Ken @ Crypto trading KS
Jordan and CTM team
White Russian.
The idea
I think we have two more waves in this cycle as we have only had one Hodl wave so far...so to create the next two waves I have taken three fractals from previous cycles and arranged them to form the potential move.
1- Impulse fractal - 2013 final leg up.
2- Corrective fractal- 2019 correction, but ending after reversal and removing covid capitulation event.
3- Impulse fractal- 2017 final leg up.
Why do I think something like this could happen?
1) a Perfect fit with Upper channel resistance... First wave bounce off around 250k, then pull back to mid resistance line, followed by blow off top breaking upper channel to $700 to £1m (often happens with a wave 3 move)
2) Perfect parabolic curve can be created.
3) Timings fit very well into KS model
4) Elliot wave count looks good, and suggested we are in a massive extended wave 3 so two more waves could be expected.