AristotleIV

AristotleIV

Looking at the 3 Month Chart of BTC, it appears as if the 12 year of bullish moves have finally come to an end as per the Elliot 1-5 wave count on a log scale. Can this be a start of a new era of unprecedented correction for BTC? I am looking for opinions of others regarding this or if it has been in the attention of other traders?

AristotleIV

On the weekly timeframe, a trail of Elliot Waves show that upon completing the downward Elliot 1-5 wave to the 15k level followed by an upward wave to 31k, BTC is forming a new 1-5 downward wave, As per the Fib Extension, the third wave is prognosticated to end towards the 24,400 region and then retracing towards 25,300 before the final leg down to test the...