5 Count Bitcoin Wave
Before we begin, let me state that I’m not a perma bull or perma bear. I am looking at this chart logically and not emotionally. This chart based off of The Elliot Wave Theory, Fibonacci, MacD , RSI , Momentum, and resistance/support zones. In my opinion, wave 5 topped off at 69k and now we are about to experience one of the biggest corrections we’ve seen in the crypto market. This is because we’ve been on a 5 count Elliott Wave bull market that dates back to 2013. This is why I believe the 29k support area won’t hold. This isn’t a short or long signal by any means. This is more of a DCA guide to potentially give us an insight on where to set up buy orders. This chart could take more than a year to play out. However, I do expect a bull run to begin before the BTC halving which is around February 2024. I would like to hear your thoughts on this.

