XBT long to 16.2K or 20K by Dec. Elliot Waves forming

31 Jul 2019

There is a potential Elliot Waves forming on the Weekly for XBT. If we continue up from here we could see a conservative rise to 16.2K by the end of the year before an ABC correction. The 5th Wave could extend up to 20K (instead of 16.2K) by Dec which a lot of traders are predicting. This would indicate a longer term uptrend before a brief ABC correction. From there I believe we will continue to rise and smash past ATH in the lead up to the next halvening