this is my idea about bitcoin based on elliott wave analysis.
so i say a few points in favor of my idea:
$$$ first of all , we have irregular flat correction pattern (since april 2021) so the ATH that happened in NOV 2021 was B correction wave. i think its a corrective B wave beacause of RSI formation in that period (no divergence in Weekly timeframe) and subwaves of that movement(its hard to count 5 impulse wave).
$$$ BTC is going to make the last downward wave. so we are close to end of correction.
please send your elliott analysis in comments to be aware of each other opinions. thanks for your attention.
so i say a few points in favor of my idea:
$$$ first of all , we have irregular flat correction pattern (since april 2021) so the ATH that happened in NOV 2021 was B correction wave. i think its a corrective B wave beacause of RSI formation in that period (no divergence in Weekly timeframe) and subwaves of that movement(its hard to count 5 impulse wave).
$$$ BTC is going to make the last downward wave. so we are close to end of correction.
please send your elliott analysis in comments to be aware of each other opinions. thanks for your attention.