BTC/USD Weekly Chart (beta)
Always on beta. Elliotticians, your comments are welcomed.
What I'm assuming here is in 2017, it was a huge Wave 3. this is because Wave 3 cannot be the shortest wave. And from the weekly chart, we are just about to end Wave IV with a contracting triangle and have passed the 0.618 of $7564 (from the top of $19666). On the log chart it looks small, but we can see it also alternatives with Wave 2.
What I'm assuming here is in 2017, it was a huge Wave 3. this is because Wave 3 cannot be the shortest wave. And from the weekly chart, we are just about to end Wave IV with a contracting triangle and have passed the 0.618 of $7564 (from the top of $19666). On the log chart it looks small, but we can see it also alternatives with Wave 2.
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