HiTekAnalysis

BTC: 2013 - 2021 Historical approx. .786 (78%+) Corrections-

BITFINEX:BTCUSD   Bitcoin
Overview 2013 - 2021 Elliott Wave Supercycle Count. Historical .786+ Fib Retrace. 2021 target range approx. .786+ 19K-16K-13K range (unless market structure changes).

-2013 Rally to approx. $1175. Corrected just below .786 fib level ($253) hitting approx. $162

-2017 Rally to approx. $19982. Corrected just below .786 fib level ($4387), hitting approx. $3250

-2020 Rally to approx. $64715. Correcting... If Cycle count is accurate this is Corrective Wave 4 which can ZigZag, Flat, or Triangle within multiple patterns . Also, it typically never exceeds Impulsive Wave 1 EXCEPT in margin markets, which crypto is... so we'll see how it plays out

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