Bitcoin - Elliot Wave Update 13-11-2022

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Bitcoin continues to operate in a larger Macro 5th Wave, price rejected at a key weekly orderblock at $21500 whereby a strong 3rd submicro wave occured pushing price to the ~1.382 fib extension occured at ~$15650 before a quick releif rally occured in a likely completed Sub micro 4th wave and price will continue to move down. Price will likely test the ~1.618 fib extension at $14826 to complete a Micro Wave 3 interestingly with great confluence of the larger ~1.618 fib extension degree in the same price area of $14800. From there a larger Micro wave 4 can occur which will be of a likely longer duration before a final Micro wave 5 to complete the MACRO 5 Waves from the ATH in a likely completed A wave. From there Bull can regain alot of losses from the ATH endured in a corrective B wave.

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