Hello Guys, here is my simple analysis about bitcoin..
Bitcoin still on an A B C correction, if you see on weekly chart, we will got clear perspective for this massive correction. As you can see on weekly chart, for this week bitcoin still on 4 of C wave, it means that bitcoin needs to finish the last 5 of C wave on the coming week.
Based on elliot waves rules, wave 3 is often the longest but never the shortest, then I can assume that the 5 of C wave will shorter than the wave 3 of C.
So, prepare yourself with the upcoming last wave down.