From my point of view and my analysist, Bitcoin now still in process going to make the 5th wave if the 5th wave completed, Bitcoin will make the 1st wave back... just for an example, i've placed my 1st wave precisely at my previous wave 4 Resistance and based on elliot wave theory that the 2nd wave usually do not retrace more than 61.8%/0.168 of the wave one...
Based on my analysist using the Impulsive waves, BITCOIN maybe reaches Fibonacci level 1.236 or 1.618 to complete its 5th wave...
What do you guys think??? :)
Bitcoin has 2 Scenarios, lets discuss the Bullish one
Basically if Bitcoin crossed the 0.5 Retracement Level there will be a possibility that Bitcoin will continue to the 3rd wave (1.168 Extension) or maybe there will be some consolidation first in that level before Bitcoin continue its Bull run, there's some probability that the third wave will reverse at 1.236...
