There isn't much to say beyond what the chart suggests. BTC completed wave 1 and is in wave 2 which should reach around 43k, wave 3 should reach 100k. Wave 4 should pull back to about 80k, and finally wave 5 should complete the impulse wave around 120k by the end of the year.
Folks seem to become upset when discussing BTC pulling back to 43k as they think BTC is strong and should only go up. They also likely have some money in BTC and find it hard to think of losing some of their investment.
The truth is, if it pulls back to 43k to complete wave 2, then wave 3 can happen. If not, the the run is likely over. Just because people discuss BTC pulling back doesn't mean they don't want it to be successful, as that's furthest from the case. The pull back is healthy/normal/expected and shows strength that BTC will continue on.
Elliott Wave Theory
elliottwave-forecast...elliott-wave-theory/
I am not a "bear", I don't own any BTC, I just find it Elliott Wave interesting. Similarly ETH seems to be on a similar parabolic trajectory in likely ready to start Wave 2.
Folks seem to become upset when discussing BTC pulling back to 43k as they think BTC is strong and should only go up. They also likely have some money in BTC and find it hard to think of losing some of their investment.
The truth is, if it pulls back to 43k to complete wave 2, then wave 3 can happen. If not, the the run is likely over. Just because people discuss BTC pulling back doesn't mean they don't want it to be successful, as that's furthest from the case. The pull back is healthy/normal/expected and shows strength that BTC will continue on.
Elliott Wave Theory
elliottwave-forecast...elliott-wave-theory/
I am not a "bear", I don't own any BTC, I just find it Elliott Wave interesting. Similarly ETH seems to be on a similar parabolic trajectory in likely ready to start Wave 2.