Hello everyone,
today I want to talk about Elliot Wave Theory.
The big problem is, that waves can be interpreted in different ways and invalidation levels are often far away from trade setups. Therefore it's necessery to follow the wave count on different levels because usually the wave itself is made my a five wave move in the trend direction or a three wave move in the direction of the correction.
Currently we have an incomplete wave count on Bitcoin and should in my opinion be in the fourth or fifth wave. It seems like the next move will be towards 120k.
What is your opinion?