Link to the first original prediction of the AB=CD pattern
We will start by presenting the reversal that actually occurs in the daily graph of the Bitcoin price against the original forecast shown in the attached link:
The macro picture of the Bitcoin price is the end of a full cycle of Elliott waves, we see an upward trend that includes 5 waves and at the end 3 corrective waves. We can now expect a new cycle of Elliott waves when the expectation is, in light of the new regulation in the field of crypto ETFs in the US, a new cycle of an increase in the price of Bitcoin.
Below is a reminder of the main tools of a complete cycle of Elliott Waves
• Impulse wave subdivide into 5 waves. ...
• Wave 2 can't retrace more than the beginning of wave 1.
• Wave 3 cannot be the shortest wave of the three impulse waves, namely wave 1, 3, and 5.
• Wave 4 does not overlap with the price territory of wave 1.
Attached is a weekly graph that includes the score of a full cycle according to Ralph Elliott's Wave theory:
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