Elliot waves. BTCUSD forecast. Waiting for the 3-rd wave in the impulse.

Let's have a look at the chart from the Elliot wave theory perspective.

One of the most difficult exercises for traders is to detect the current position on the waves.

I guess now we are near the end of the 2nd wave. The 2nd wave in the impulse (5 wave structure) is usually almost same length with the 1-st. What I expect now is a strong upward movement.

Please see the chart for details:

Price is going to reverse in few days. Probably it already has, but one small drop is still possible. The 3-rd wave is usually strong and extended. It should be longer than the 1st one. Lots of players expect to support the upward movement and it is possible to reach 21000$ with one leap.

Please see my previous post to get more details about the time forecast.

Please share your thoughts!