BTC Elliott Wave education

After studying the Dow Jones for 30 years (down to the hourly chart), Ralph Elliott explained that the correction after wave 5 of any degree extends to till the end of wave 4 of one lesser degree and more often to wave 2 of the last wave 5.
On the left, you can see the current chart of BTC with the wave break down.
Also, he stated that the zig-zag and fat correction often travel between 100 and 127% (rarely up to 161%) of the length of wave A. It is also marked on the chart. Nevertheless, he also noted that Wave 1 usually retraces between 50% and 78% of its length. You can see the fib levels on the left in blue.
Bear in mind that this is the line chart, so it doesn't count the fluctuation of candlesticks. Hence price may move at a larger degree, however close to the targets.
I am pretty confident we are now bottoming out. Although I suspect we may have the last push down to 54k, I stated yesterday that any area between 58 and 56 was a good buy opportunity.
I am comfortably entering as the next move is going to be magnificent.
FOLLOW ME, SHARE, LIKE AND COMMENT