While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit.
Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is.
My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower...
After reaching a new all time high, bitcoin has made a bit of a correction. in te coming days we will see one last pump before this arm is over. The Elliot wave shows us our last retest of the channel before falling down and gaining support at the trend line.
currently in ascending channel, it wil test top one more time, because volume is decreasing and will break out. Try to retest again after that and fail and drop back to current fib support. after that either we go up and test top trend line again or break down out of channel
