Elliot Waves are impulses that mark a direction on a chart of an asset, in this case $BTC.
It consists of the pattern of:
1) impulse
2) recoil
3) boost
4) recoil
5) impulse.
After these 5 movements, a liquidity zone is created to finally find a consolidation in retracement number 4 in this case and continue with its bullish direction, since the market has a duration of approximately 2 bearish years and 2 bullish years, which which many call the "Halving" in the crypto market. On the monthly chart we are in wave 5.
I hope this information has helped you.
$ETH $RNDR
