Hi, everyone
let’s take a quick look at the Bitcoin weekly chart.
Now the correction doesn’t seem to be over yet. Strength is used to start the next sale.
we are currently in a bearish consolidation. a falling channel if you will.
according to the elliot wave theory, another sell off will complete the correction which is below 30000.
From there I start shopping heavily.
I’m a hodler and I’m happy about the current situation because I’m invested for the long term and thus have the opportunity to buy at cheaper rates.
the next wave will be massive!!!
The Bitcoin will be 6 digits for the first time during the next upward movement!!!!
but that takes time to complete the correction.
The next halfing will probably bring the impulse for the next movement again.
we will see