✴️ Ordinals | Grows 2,337% In 86 DaysI love Ordinals.
I love everything Bitcoin.
Here we have a very interesting chart for an amazing project.
You can ignore the wave count on the left as this is a complex correction, the count there is for appearance only. When it comes to the predictive power of the Elliot Wave Theory system, we have enough when we can spot a perfect 5-wave count.
This 5-wave count can be seen perfectly depicted here as a 5-up wave.
👉 Ordinals (ORDIUSDT) grew 2,337% within 86 days.
The peak 6-December is likely the top based on the simple fact that we already experienced massive growth.
We have the 5-wave count, highest volume on wave 3, check; decreasing volume and finally a bearish cross on the MACD:
➖ Bearish cross as the MACD comes down from an All-Time High.
The RSI peaked 7-Nov which means we have a months long bearish divergence as well...
This is all pretty standard.
If the correction turns into an irregular one there can be a slight higher high before lower prices. Regardless of the near short-term, a correction is expected to develop within 1-3 weeks maximum but in truth it is already happening.
Thank you for reading.
Namaste.
