BitcoinUpdated Bitcoin is at an interesting Area
The pattern seems to match Elliot Wave Theory with a very powerful wave C and a very powerful wave C (of an ABC correction wave). With the downward channels also in play and heavy support around 3-5k, this area seems very, very interesting to me. I am not sure what will happen next.
Note
correcting typo = should have been a "3"The pattern seems to match Elliot Wave Theory with a very powerful wave 3 and a very powerful wave C (of an ABC correction wave).
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Disclaimer
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.