Post #1275203: #Bitcoin has respected the Elliot Wave Theory…
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#Bitcoin has respected the Elliot Wave Theory nicely, and I even used it to determine the bottom in Dec 2022 at 16.5k By definition, even wave 3 cannot be over as it would make it shorter than wave 1 Even a correction short term would not stop the bullish bigger picture!

#Bitcoin has respected the Elliot Wave Theory nicely, and I even used it to determine the bottom in Dec 2022 at 16.5k By definition, even wave 3 cannot be over as it would make it shorter than wave 1 Even a correction short term would not stop the bullish bigger picture!

May 7, 2023 06:12 PM |
cryptocon
CryptoCon @cryptocon
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Something huge for #Bitcoin is coming But you're not going to get to see it if you can't wait for it There are many similarities to now and early cycle 2015 - 2016 2, 6-month sideways periods came before the most impressive cycle curve ever The r At the last #Bitcoin local top of 31k, The Chaikin Money Flow narrowly missed the .35 mid-top line But's that's the key... it missed The cycle mid-top is not here yet, but is very likely to be on the next big push in price For now, we wait, and wa Just like in 2016, #Bitcoin found resistance at the 2nd Line labeled on the MVRV at 31k But now, also like 2016, Bitcoin has found support at the exact same level (1) Reaching the mid-top line is an inevitability, just like all the cycles that have Is the #Bitcoin Bull Market still here? Yes it is! The bear market downtrend is broken to the upside, see for yourself! So much more is to come. I have been saying this since the first rise out of the 16.5k lows, and nothing has changed The SEC's 2 Months ago, #Bitcoin was facing resistance at the lower band of the Monthly Envelope But as the new month begins, price now rests on the lower band, inside of the channel Bitcoin is winding up like a powerful spring, higher time frames couldn't l Pay close attention to long term #Bitcoin bullish crosses like this one on the 2 Week Ichimoku Cloud Why? Because these are once in a long time signals, coming right before parabolic rally It all makes sense in hindsight, but do you have the coura

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