BTC - Another Theory with Crazy HopeBitcoin / TetherUSBINANCE:BTCUSDTwildboar8In my last post on BTC I concentrated on forks and cycles so I thought I’d concentrate on Elliot Wave which presents me with a possible bullish outcome in the coming month. On the 1D timeframe and starting from the bear market low of Nov 2022 EW shows a 5 wave impulse move topping out May 2024. This is followed by a shallow ABC pattern launching into another 5 wave impulse ending with a shallow wave 5 Jan 2025. Presently BTC is in an ABC move down towards the wave 2 pullback where the 50% is sitting at 73.4k. This “may” be another shallow pullback and not get down that far but presently it kinda looks like it might. Once wave 3 starts it could take BTC up towards 260k area. I like this theory mainly because of the global situation in that, there appears to be tons of BTC adoption going on around the world. Whales are apparently buying up BTC a record levels. Smart money is called smart money because well, they’re smart, so why buy in when BTC is gonna drop like crazy. Retail is nowhere to be found. I think retail got lost in the shit for brains meme market and will be way late to this party. My thoughts, not financial advice Oklah. Cheers