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btc
elliotwaveanalysis
trendanalysis
waveanalysis
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Wave 1 and 2 are very clean. Wave to reached at 61.8 fib and then IF, IF BTC reaches 70, We are in wave 3 and wave 3 can extend to 88 or 90. then we may see a correction as wave 4. IF BTC takes out 53,500 low, this scenario is failed.
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Before the halving, we may see a downtrend. If the support line and trend line hold, the price could go up and we will have a healthy bull market.
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Then a Multi year bear market will begin untill the price touches the button of the channel.
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When the price touches the top of the channel, a major bear market will begin. I learned this idea from Alessio Rastani.
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