So Bitcoin draws a perfect Elliot wave formation over few months already on the weekly chart. At first I thought it is a bubble. But then I came to conclusion we are in for a ride. This Elliot wave means we will surely visit something like $3000 soon. However it doesn't mean gloom and doom and dead cat bounce for few years like previously. Seems like the next target will be $37k-60k
Comment:
Please be advised the 5th wave has not settled in yet, we are going within the triangle.
Comment:
Idea still stands, waiting for the drop
Trade closed: stop reached:
Lost 15% :D that was wild