I learned Elliott's wave theory today and applied it to the weekly chart. I found in the last halving that four years of uptrend waves (1,2,3,4,5) [in green] were completed and in 2022 downtrend waves (ABC) [in red] were completed.
Note: Weekly waves are the sub-waves of the Monthly wave.
But in the Monthly chart, weekly waves (1,2,3,4,5) are only the first wave of the monthly wave and (ABC) waves are the second wave of the monthly wave. so you can imagine the BTC third wave in the Monthly chart. Considering the weekly third wave.
The third wave is the bullish and fastest wave in the Elliott wave.
So, Bitcoin looks super bullish in the third wave of the monthly chart.
