On weekly chart, BTC made the AB wave from 16 March to 17 August, the it made a nice 36%, 38% retracement to make the BC wave from 17 August to 31 August ( such a fast retracement and that's awsome ).
So what now??!!! here's the great stuff..
BTC successfully broke the B level of resistance with a strong enough candle on 19 October candle.
I believe BTC is going to AT LEAST complete the AB=CD pattern in coming 3 or 4 months from now that is January or
February. The D or the PRZ area will be around 17,700 that I've shown you on the chart..
So how did I get the date from..
If we look at AB wave, It took 22 weeks for BTC to complete AB wave. believe we're looking a good looking AB=CD pattern so I expect the the BC wave should take almost approximately 22 weeks to complete and that's January and February.
This Idea is just for AB=CD pattern but I think we're gonna have ABCD extended form so I drew next level of BTC price for you after we reach 17,700 target.. those target are around 20,000 and 23,000.. Of course we're gonna have some ups and down during the journey but these are the targets that I believe we're gonna see in upcoming weeks and months..
I will update this idea in upcoming weeks so we can keep track of BTC together, so make sure you follow this idea...
This is my idea.. What do you think...