Source: h t t p s ://www. dailyfx. com/forex/education/trading_tips/daily_trading_lesson/2018/12/26/depth-of-elliott-wave-correction .html/amp
Per the source, BTC's 10 year impulse has come to an end and confirmed so by the break of the trend line which is connected by the end of wave 2 and 4.
Wave a is an impulse wave which means 69k is locked in for the next couple of years (Booo.) with no new ALTs as this long term bear market zigzag drags out to speculative levels.
I've included the fib retracement levels of the wave highs to zero, to measure the pullback of both corrections. Market makers love to fill their orders around -84% to -86%. Now that the final impulse is over, the next 5 years will be interesting as we enter BTC's first ever long term bear market.
Per the source, BTC's 10 year impulse has come to an end and confirmed so by the break of the trend line which is connected by the end of wave 2 and 4.
Wave a is an impulse wave which means 69k is locked in for the next couple of years (Booo.) with no new ALTs as this long term bear market zigzag drags out to speculative levels.
I've included the fib retracement levels of the wave highs to zero, to measure the pullback of both corrections. Market makers love to fill their orders around -84% to -86%. Now that the final impulse is over, the next 5 years will be interesting as we enter BTC's first ever long term bear market.