It looks like BTC has finally started white wave 5 of blue wave 1. After this comes a requisite ABC correction. I think it will be a big correction to scare off investors, because the big money investors know what comes after blue wave 2.
They want a cheap buy in price to start off a giant rally.
If this projection is right, May will be a bad month for cryptos, but the rest of this year we will see explosive gains.
EW is very bad at giving time estimates, so don't give too much weight to my time projections. The pathway is more important than time. It can happen faster or slower than projected, but the end result is likely the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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