I have used Elliott Wave
counts to come to a conclusion that Bitcoin
is probably undergoing an A-B-C-D-E
correction for a larger degree Wave 2. Currently, I believe we may have begun the E wave down to the predicted $2 - $4k levels. I think we are in the process of a Zig Zag
(5-3-5) down for the E wave and at the moment and if this is correct, we are completing Wave 2 down (which consists of a three-wave ABC
For the longer term investors, this is a golden opportunity.
Of course, this is not financial advice nor is it an indication for you to buy or sell. Elliott Waves
are based on a probability principle, and nothing is 100% certain. Do your own research!