Here is update to my Elliott Wave count for Bitcoin price of 2020, the count can potentially predict 2021. In past we had Panic Phase, I think from November 2019, March 2020 (COVID crisis) till late May 2020 (Halving Worries).
I think right now we going trough Media Attention phase, from many places we can see news, articles, videos about Bitcoin, Mining and Cryptocurrencies. This topics covering investing, breakeven of the mining (retail), farming, and earnings from DeFi projects, etc.
After breakout from 20k, we see a new wave of traders joined the market, as well as old ones coming back to breakeven from losses, or making good profits. I think we might retest 20k or below as possible Demand Zone for 2021. On chart the explanation for Spot Buy.
@ArShevelev check out timefibs if btc goes for such correction then I'd monitor the decline with this chart: if the growth doesn't stop here then this one
@flameguster, hard to put right EW count here, there is just no history, need time find anther trading pairs with same correlation to COVER
but here is a chart
PS its probably overvaluated
i_am_noone
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more like EDIOT WABES
Berzerk_invest
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From 2017 December till august of 2020, BTC has created big Symmetrical Triangle. Which means in some books, that triangles only appear on 4th wave. Don’t you doubt that todays 24k could be the 5th wave ?
if the growth doesn't stop here then this one