Let's look at 1 Day chart of Bitcoin . We are in Wave 5 on a Daily Chart . Bitcoin has gone through waves 1, 2, 3, 4 and is now the last wave in Elliot Chart. The price broke 6000$ psychological level. RSI shows that we are going to bring the price down. We must watch for price action near 6150-6200$ level. If price moves above < 6200$ level, we'll have long opportunity.