Using a combination of Elliot wave and Fibonacci , we can see BTC bouncing of each support level of Fib retracement before reaching all time high (2nd and 4th Wave).
With the completion of the 5th wave at 61k, I believe we are now in a reversal decline where the first wave declined to .23 support level .
We might see BTC dropping back down to 45k which should be the support level at the 4th wave.
Also this is my first time posting, so I not entirely sure if this is correct or not.
With the completion of the 5th wave at 61k, I believe we are now in a reversal decline where the first wave declined to .23 support level .
We might see BTC dropping back down to 45k which should be the support level at the 4th wave.
Also this is my first time posting, so I not entirely sure if this is correct or not.