Bitcoin / TetherUS

๐Ÿ”ฅ Bitcoin Elliot Wave Pattern: Corrective Wave

17โ€ฏ334
After reaching $65k last week, it appears that BTC has topped, at least for the near term. See my previous analysis on that:

Bitcoin Might Have Topped: 10 Year Analysis


Looking back, we can now safely say that the bullish Elliot wave pattern has finished and that we're currently in the first corrective wave A of the Elliot wave theory. Be aware that point A on the chart might go lower from here, I put it there for illustration. It has to stay above point 4 for the theory to be valid.

Assuming that the Elliot wave theory holds, we might soon see a recovery of the price towards the $55k area. In the end, this correction could launch us back towards $40k, potentially even lower, before starting a new bullish push. I'm still bullish for the remainder of the year, but this might be the first strong correction of the current bull-run.

Happy trading!

๋ฉด์ฑ…์‚ฌํ•ญ

ํ•ด๋‹น ์ •๋ณด์™€ ๊ฒŒ์‹œ๋ฌผ์€ ๊ธˆ์œต, ํˆฌ์ž, ํŠธ๋ ˆ์ด๋”ฉ ๋˜๋Š” ๊ธฐํƒ€ ์œ ํ˜•์˜ ์กฐ์–ธ์ด๋‚˜ ๊ถŒ์žฅ ์‚ฌํ•ญ์œผ๋กœ ๊ฐ„์ฃผ๋˜์ง€ ์•Š์œผ๋ฉฐ, ํŠธ๋ ˆ์ด๋”ฉ๋ทฐ์—์„œ ์ œ๊ณตํ•˜๊ฑฐ๋‚˜ ๋ณด์ฆํ•˜๋Š” ๊ฒƒ์ด ์•„๋‹™๋‹ˆ๋‹ค. ์ž์„ธํ•œ ๋‚ด์šฉ์€ ์ด์šฉ ์•ฝ๊ด€์„ ์ฐธ์กฐํ•˜์„ธ์š”.