Taking Elliot Wave Theory as a foundation and applying a fractal growth to waves as they complete a full "impulsive wave" and its "corrective wave" ...i consider that a complete wave fractal and we will either grow exponentially or, in this case would have already put in a reversal to the down-side well below these current level (which broke the recent ATHs).
With the recent halving i could certainly see a bigger drop here to fill these major waves to the up-side but dropping lower in time, the smaller fractal waves will show us a better idea when thats going to happen
With the recent halving i could certainly see a bigger drop here to fill these major waves to the up-side but dropping lower in time, the smaller fractal waves will show us a better idea when thats going to happen
Comment:
this is the fractal shift point as price is clearing the wave 1 into new highs, for what i say will complete a 5 wave sequence higher, thus a standard EW impulse wave higher making its wave 3-4-5 much higher after this... the question is how to label and understand whats happening here on a deeper level and are we surely done this correction or will bitcoin want to put in a more proper EW deeper corrective wave here... i think we're long.
