BTC to return back to 43,000 before the final dump.

9 May 2022

Hi Traders,

I am an Elliot Wave trader, I believe we are in a huge expanded flat pattern in the weekly timeframe. Flat patterns consist of 3 waves (ABC) with the last wave appearing as an impulse or a 5-move wave. I have identified the January 2022 to be the beginning of the corrective Wave 2 (a smaller expanded flat pattern in the daily timeframe)

I am longing this wave C of the 2nd wave corrective.

Take care traders! Let me know if you have questions.

9 May 2022

Not

This could turn out to be a running flat pattern as well, with a minimum wave C retracement of 0.618 (36517)

Always take profit.