BTC: Repeat of 2017 7-wave structure?
The sixth wave down is always the strongest.
I see projections of an Elliot wave E incoming, and much lower than 45. Some say low-30s, or even mid-20s. I lean in the other direction: the completion of the seventh wave of a seven-wave structure. A repeat, more or less, of what happened in 2017 on the final run up to the blow-off top.
Would that be the end of BTC's bull run now?
Possibly not. BTC could well go on to print 100k+ by the end of the year. But I do see 80k +/- coming in first, followed by a deeper correction into which alts take off.
I could be wrong.
We'll find out together.
Feel free to comment.
I see projections of an Elliot wave E incoming, and much lower than 45. Some say low-30s, or even mid-20s. I lean in the other direction: the completion of the seventh wave of a seven-wave structure. A repeat, more or less, of what happened in 2017 on the final run up to the blow-off top.
Would that be the end of BTC's bull run now?
Possibly not. BTC could well go on to print 100k+ by the end of the year. But I do see 80k +/- coming in first, followed by a deeper correction into which alts take off.
I could be wrong.
We'll find out together.
Feel free to comment.
AgitationZone | TA-focused cryptocurrency Discord channel discord.gg/atGcaRzz
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