What happens after a long run none stop? A walk of rest, let’s apply it with prices now
We all know what had happen with BTCUSD longing was very long according to wave principle summarize it as “after the long run, rest!(Retracement)”, here in BTCUSD we are dealing with Symmetrical Triangle which is a form of correction pattern described by Elliott to be the preceding movement after a spike, a drastic movement, often a wave IV of wave V, while trading this pattern be sure to trade with your risk management skill align.