This is a good example showing how Bitcoin adheres to Elliott Wave Rules, as does everything in the Market. As stated other publications, the Elliott Wave Theory is more than just a Theory but how the market works. Bitcoin won't always buy, there will be ups and downs. Timing is key. If there is an over-investment just before the top of Wave B, ''Buy The Dip'', this would lead to unimaginable losses. This is what people call ''Stock Market Crash''. To Elliott Wave Theorists, this is a simple Wave 4.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.