Elliott Wave Basics:
Markets according to wave theory move according to a specific wave pattern.
Five waves in some direction and it is a pulse wave followed by a three-wave correction and the process starts afresh only a higher cycle.
If we agree with these assumptions, we can think that the BTC has just finished a correction of 0.382 in the growth Fibbonacci and a new wave pulse cycle of 5 waves.
Oscillators are confirmed end of the fall on the BTC. Below the chart one of them. RSI 14. It indicates that the market is out of stock and time to rise.
Are we waiting for Bitcoin gains? I do not know, but in my opinion there is a good chance that we will see new peaks soon. I wish you and I, but it's just my opinion.
