Disclaimer: This is my own thoughts based on my own analysis and is not trade advice. Do your own research and analysis to come to your own conclusions and only use mine to cross reference against your own analysis. Previously I published an idea suggesting bitcoin would come down to between 18-20k and it seems to be forming a 5 wave cycle in a channel. That...
The previous chart didn't capture correctly, so read description on my previous idea
This is not trade advice just my own thoughts from my analysis. Using a fibonacci channel and elliot waves, it can be seen the clear channel that has developed and the key waves that have formed. I believe we are currently on the 5th and final wave of the primary wave, but as I have marked out on my chart, believe we are currently on the "C" in an ABC correction...