BTC/USD: Elliot Wave Analysis
Using the Elliot Wave Analysis for this study. We could to look that Bitcoin can to end this bull rally around of the higher price $68,000 USD approx. But the trend it's very clearfully that we finish with the phase #5 of the Elliot Wave. Right now, we could to entry in the possible ABC correction in this longterm chart. But I can't to predict where Bitcoin will make th stop of the new lower price. But I can to show you this example and model that can to support for everyone. Also, it's very important to understand what phase we are in the market. But in another special analysis, I can to make how to identify a bear market vs. bull market using it to make a precise analysis in your way.
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