3X Elliot Waves have been completed on BTC chart
Based on my Study case
When we look forward to the price action on 2017 using the Biggest Timeframe,
The first failure of BTC happen around 42 Week Candle, which you can see the price pattern will go on another side way movement
Since based on my Fibonacci Retracement, i can see BTC still in resistance which the price have been rejected on the wick candle High to close Price action on Jan 2021
Price still retest on the Fib of 0.5 - 0.382 which price support at 33,000 and low price start from 28,000 based on January chart,
To make sure BTC Still in Bullish movement, First of all BTC should be strong Support Moving at 40,000 which this price from Jan 2021 is about 41% then BTC Should break the trendline then we can see as bullish pattern is continue, Now, on Monthly chart is retesting on 4 and 5th pattern of Elliot Waves is it will continue on bullish Strong support or still rejecting price.
Price action you can see as volume buy from 28,000 - 36,000 before price break for another target 40,000
When we look forward to the price action on 2017 using the Biggest Timeframe,
The first failure of BTC happen around 42 Week Candle, which you can see the price pattern will go on another side way movement
Since based on my Fibonacci Retracement, i can see BTC still in resistance which the price have been rejected on the wick candle High to close Price action on Jan 2021
Price still retest on the Fib of 0.5 - 0.382 which price support at 33,000 and low price start from 28,000 based on January chart,
To make sure BTC Still in Bullish movement, First of all BTC should be strong Support Moving at 40,000 which this price from Jan 2021 is about 41% then BTC Should break the trendline then we can see as bullish pattern is continue, Now, on Monthly chart is retesting on 4 and 5th pattern of Elliot Waves is it will continue on bullish Strong support or still rejecting price.
Price action you can see as volume buy from 28,000 - 36,000 before price break for another target 40,000