I think we're finishing an Eliot wave cycle off with a boom, hitting the 78% (approximately) retracement, and either starting a new cycle soon after, or more likely, go into a period of consolidation until the new cycle explodes. Eliot Wave Theory has been very prominent in Bitcoin Ever since its conception and it seems to want to continue its pattern.
Note
Will continue and update as we move along in price actionNote
looks like this idea actually panned out pretty well didnt exactly get the entry we wanted but the resistance was pretty damn perfect
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.