Macro perspective toward Bitcoin chart (long)
As you can see, the chart has been updated due to the price action.
however, the macro perspective is still the same. After the bull run which has been started from the covid-19 pandemic, the price has started to correct from 64K. it forms an Elliott impulse wave until now. So, it can be concluded that the impulse wave is the first leg of a larger corrective pattern. ( Zigzag pattern). according to the last wave analysis (the 5th wave), It could be comprehended that an upward rally would be unavoidable due to the numbering on the chart.
Check the chart.
Feel free to ask your questions.
however, the macro perspective is still the same. After the bull run which has been started from the covid-19 pandemic, the price has started to correct from 64K. it forms an Elliott impulse wave until now. So, it can be concluded that the impulse wave is the first leg of a larger corrective pattern. ( Zigzag pattern). according to the last wave analysis (the 5th wave), It could be comprehended that an upward rally would be unavoidable due to the numbering on the chart.
Check the chart.
Feel free to ask your questions.
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