$BTC Elliott Wave Perspective (Personal View)
TBH, I’m not a huge fan of this setup — but spent a lot of time charting it out.
If #Bitcoin fails to break and close a HTF candle above $105,000, I’m heavily expecting a drop towards $50,000, based on EW theory.
Currently, we’re likely forming an ABC correction.
If the B wave is plotted correctly, then the C wave could retrace deep below Wave 4.
⚠️ Don’t follow blindly — but do keep this scenario in mind while planning your trades.
Stay smart. Happy and safe trading!
RT & Commnets If you Like My #ElliottWave Setup.
