I've been doing some research on Elliot Wave Theory and was messing around with the BTC monthly chart and found that the monthly chart dating back to 2010 makes a pretty good Elliot wave according to the Elliot Wave rules. I am by no means a pro and have only got into TA this past year.
With the rate of BTC trending upward I would not be surprised to see a massive run up and sharp correction creating the first wave of the new Elliot Wave. To what price BTC goes up is anyones guess.
I would love to hear any thoughts on this.
With the rate of BTC trending upward I would not be surprised to see a massive run up and sharp correction creating the first wave of the new Elliot Wave. To what price BTC goes up is anyones guess.
I would love to hear any thoughts on this.