Guys, I don^t want to scare you and know that some of you don't believe in Elliot Wave theory. However, if the traders trade accordingly it becomes a reality. Sometimes, we are just to deep in our analysis and must take one step back in order to not to see the wood for the trees. Fact is, everything which goes up must also come down again or retrace according to Fib, so does BTC. I believe we are in a classical but huge ABC correction of the whole bull run since 2015. Early investors and big players have cashed billions out and won't jump in until we have completed the correction.
Above, I have zoomed out the 4h chart to illustrate it better. Can you see it?
Above, I have zoomed out the 4h chart to illustrate it better. Can you see it?
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Below, I have zoomed in to show how it perfectly moves according to Elliot Wave's ABC correction
