As experts in the Stock Market and trading, Extreme Investor Network provides unique insights and analysis to help investors make informed decisions. In our latest blog post, we delve into the detailed short-term Elliott Wave Principle (EWP) count of BTCUSD, giving you a clear picture of what to expect in the coming days.
We continue to favor the ED wave count until proven otherwise, with Bitcoin’s price needing to stay above certain key levels to confirm this pattern. The orange W-c of the grey W-iii is currently underway, with smaller waves within it expected to reach $74.8-78.4K, possibly even as high as $82K on any unforeseeable wave extensions.
While there is always a level of uncertainty in trading, we have been correctly Bullish for over a year and have accurately forecasted price actions in recent months using the ED’s path. This track record makes our preferred POV compelling, especially with the price holding above certain lows as stop (loss) levels. We always trade in the direction of our preferred view, using alternative EW counts as an “insurance policy” in case our speculation is wrong.
At Extreme Investor Network, we understand that trading is a speculative endeavor, but with our expertise and analysis, we aim to provide you with a strategic advantage in the market. Stay informed, stay ahead, and let us guide you to success in your trading journey.