I think we're finishing an Eliot wave cycle off with a boom, hitting the 78% (approximately) retracement, and either starting a new cycle soon after, or more likely, go into a period of consolidation until the new cycle explodes. Eliot Wave Theory has been very prominent in Bitcoin Ever since its conception and it seems to want to continue its pattern.
Comment:
Will continue and update as we move along in price action
Comment:
looks like this idea actually panned out pretty well didnt exactly get the entry we wanted but the resistance was pretty damn perfect