I am trying to fit in the timeframe from 2014 so dont mind the steep waves, they are what they are. Using fib extensions set in 2014, we see how BTC has tagged them perfectly and we have broke all while ping ponging in classic 5 wave elliot set fashion. Multiple factors have led up to this and have attributed it coming to fruition. First being cryptocurrency in general experiencing a welcoming sentiment by the mass media and general public as well as the ICO craze/bubble that we have experienced in 2017. When people want to buy into a ICO or an altcoin (which is the main reason anyone buys BTC), the price per Bitcoin is irrelevant; they just market buy, btc is just a fiat transfer system in that regard. This has been the leading factor that has expanded Bitcoin in 2017 as well as Ethereum, which are the two premier choice of value transfers when you are trying to buy into an ICO. We are starting to see the steam run out as well with all the recent bans and upcoming regulations, dont expect this ICO craze to last much longer, it is already drying out. We are noticing a huge decline in trading volume, pretty much -50% from prior daily norms. When there is high volume, there is price action, there is no doubt about that. Bitcoin has undergone 5 disctinct elliot waves up and is in severe overbought terriroty, especially in a monthly timeframe. As optimistic as everyone may be, we need to bring ourselves to realism and see the signs unfolding. Cryptocurrency and blockchain is here to stay. Bitcoin however might not be. We are on losing our fuel, as seen by the decline in volume as well as the buy support from ICO money. We broke all fib extensions. We experienced 5 disctinct elliot waves, with wave 5 being short due to the segwit drama and ico ban. It is evident the market needs to correct and wants to correct. You also have all these ICO projects now hodling bitcoin and will be all looking to get out of the same door, it wont be pretty. The altcoin market needs to thrive, its the sole reason for all of this, and as it does and profits are realized in bitcoin, it will add further sell pressure. All signs point to down, we had an amazing run, however logically speaking, we will need to correct. It is inevitable.