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fassassi
Feb 8, 2023 4:10 PM

END OF THE 18-DAY RE-ACCUMULATION CHANNEL Long

Bitcoin / TetherUSBinance

Description

Bitcoin is finally completing its 18-day re-accumulation channel, as it's consolidating at the base with a series of corrective patterns.



Upon closer inspection, we have a series of corrective patterns in 3 waves, as is typical for corrective patterns according to Elliot Wave theory.



Every corrective wave has a counter, and once that counter is complete, then the corrective sequence either continues or the trend resumes. In this case, it's likely that the uptrend will resume and that this mini consolidation on support of our 18-day channel will prove to be re-accumulative.



Comments
fassassi
Will be discussing this further on YouTube, live at 1:30 EST
SwallowPremium
Amazing job, keep posting mate!
comanderrich61
lets roll !
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