Hey guys!
Despite the bearish sentiment I think Bitcoin's small correction is just the 4th wave of the Elliot Wave cycle. Notice BTC has still a little bit more to correct, possibly to the 0.618 Fib Level, which is perfectly in alignment with the upward sloping support. Also, it seems like BTC is in this falling wedge, with a price target of approximately 70- 72K. Just too many bullish confluences for me to be worried. So be ready for the 5th and final wave before the real correction.
No financial advice only my opinion.
Cheers!
Despite the bearish sentiment I think Bitcoin's small correction is just the 4th wave of the Elliot Wave cycle. Notice BTC has still a little bit more to correct, possibly to the 0.618 Fib Level, which is perfectly in alignment with the upward sloping support. Also, it seems like BTC is in this falling wedge, with a price target of approximately 70- 72K. Just too many bullish confluences for me to be worried. So be ready for the 5th and final wave before the real correction.
No financial advice only my opinion.
Cheers!