There is 2 scenario for #Bitcoin, which I'll show in each post.
Scenario 1: Running Flat Elliott Wave General knowledge for Running Flat Elliott Wave: • A corrective 3 waves move labeled as ABC • Subdivision of waves A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three (in this case was Zigzag) • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat (which everyone thought the correction is over and the bull market started) • Wave C fails to travel the full distance, falling short of the level where wave A ended • Wave C needs to have momentum divergence (in this wave we can see the ending diagonal)