Hello, guys!
I considered a lot of different scenarios and all of them told us that BTC has to dump hardly. I have already shared with you my opinion about potential dump of Bitcoin to $10k. Today I wanna show you the most bullish scenario for Bitcoin.
If we consider current price action not as the nwe impulse to the downside, but a a correction ABC. Wave A has the super clear shape of 5 Elliott waves. The corrective wave B looks like a triangle correction. I saw a lot of comments that wave 2 cannot be as a triangle. Triangles usually occure in waves 4 or B. Guys, you are 100% correct, this is what Bill Williams told us in his trading chaos method. But in practice I have seen triangles in waves 2. But, OK, let's consider that Bitcoin is finishing wave B. Anyway we should wait for the dump to the wave C target 1.61 Fibonacci retracement. It's approximately at $23500. I am looking for the mid term short right now. I think next week we will see this impulsive dump.
Best regards, Ivan
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