Bitcoin - Correction has been completed! New bull run started.

  • As per my Elliott Wave analysis, an ABC correction (ZigZag) has been finally completed, and we have to start a new impulse wave! Now or never.
  • We have a falling wedge pattern that is very close to a breakout. Indeed, this is definitely not a nice wedge, but the shape is similar.
  • The previous first impulse wave has a third wave overlap structure, which is definitely acceptable. It's pretty rare to see it, but Elliott said it's possible. 
  • Bitcoin's dominance is going down - LTCBTC is breaking out of the major downtrend from 2018. ETH looks much stronger together with BNB. This indicates an alt season in progress. 
  • I am bullish on Bitcoin and on the stock market, and I don't think we will go to 13 000 USDT. Prepare for the 10-year biggest bear market in Bitcoin history if we fall to 13 000 USDT. 
  • I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ascending TriangleBTCUSDBTCUSDTDescending ChannelElliott WaveFalling WedgeRising WedgeSupport and ResistanceTrend Line BreakVolume

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