RyanPal
@t_RyanPal
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RyanPal
Reflecting changes based on the recent price action. Still expecting this wave 1 of 3 of the new cycle to top in mid-80k range
RyanPal
Let's find out how real free-will is.This is in continuation of the previous idea posted in June'23 predicting this 5 wave structure. The targets have changed, and now expect this wave to end above of 85k.Previous Idea [June '23] :See updated version :
RyanPal
Most likely scenario since we already have wave 1 and 2 and also wave 1 of 3 and 2 of 3 (sort of invalidated/rarified the 423% target. 161.8% is also not too probable now but definitely a considerable scenario.Comment: still valid, starts lower now ofcourse, but the targets remain same.Comment: Updated wave 4 targets, 37.5k likelyComment: Update: 2 cases: 1. We bounced off the 23.6% fib line (a little inaccurately) and are on wave 5 (ill post targets for this scenario later) 2. We are making an expanded flat wave (fits perfectly to fibs) and will dump sharply to 37.5k from 62k.Comment: Pretty Spot on considering how "impossible" it should be to get a 3 point prediction especially if you are a random market hypothesis believer.
RyanPal
Elliot Wave Analysis for BTCUSD as of June 29 2023.Predicts the most Likely Scenario based on the current waves completed.WaitingStill valid and watchingWave 3 extended to 73k, wave 4 did a perfect 0.382 retracement
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