Bitcoin Log Growth & Elliot Wave Projection

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Here is a possible idea on BTC:

With the current consolidation/correction still in play, it is very possible to see more downside before the bull run continues

Wave 2 correlates nicely with the 0.786 of the Fib and the blue line of the log growth

While we would not want to see a weekly close below 37.5k a wick down to this area is still a possibility before wicking back up to the 40k area

Let's see how this plays out but this weeks close should give us a strong indication

Let me know what you think guys always interested to hear differing opinions

Feragatname

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