Here s the elementary elliots idea, thr 5th wave is fininsh at ~3800
Please be care, because now it looks like a part of triangle in 4th wave of down trand from 6600
so will see. soon publish idea for 2-3 next days. thanks!
The recent Bitcoin spike down below 10k was somehow fueled by FUD (Fear, Uncertainty, Doubt). These fast moves may be triggered by news items or one whale selling or all combined, who knows?
They are not predictable, the downtrend before this event on the other hand did provide some trade entries if you read the price action right!
So lets look at this...