I wanted to test an ELLIOTT count here.
In the larger timeframe there is a big ABC Correction.
The B consists of an ABC , in red. aka Bear Flag
The large C-Wave (yellow) , always consists of 5 waves according to theory.
It's weekend, the beginning of February and therefore time for a statistics update...
Bitcoin made an incredible jump!
42k is currently the POC of the range above... important!
In February we can expect a green candle statistically.
8 green and 3 red bars (monthly close) in the last 11 years.
Another red would fit...
September turned RED as expected!
That was probably the correlation with the stock markets.
October should be green.
We can expect something between + 30% or -15%.
The Monthly Open is at $43,800 and then a price spike came right away.
So we have some buffer.
Last month (Sept)...