Elliott BTC, Where is the market now?

*** Wave 1 : (3,000 → 13,000): the first upward wave after the 2018 bottom.

*** Wave 2 (13,000 → 3,000): correction to a strong support zone.

*** Wave 3 (3,000 → 69,000): the strongest upward wave (length >2.6 times Wave 1).

*** Wave 4 (69,000 → 15,000): deep correction, creating a large accumulation base.

*** Wave 5 (15,000 → currently ~106,000 and continuing):

- Wave 5.1 (15,000 → 69,000)

- Wave 5.2 (69,000 → 38,000)

- Wave 5.3 (38,000 → 111,000) Completed

- WAVE 5.4 (111,000 → ~9X 000) CORRECTION (WE ARE HERE).

Wave 5.5 (90,000 → ?) => 146,000 (Personal prediction)

Currently, BTC is at the end of wave 5.4, may have confirmed a temporary peak around 111,000 and a necessary correction to the range of 95,000–100,000 (which is the bottom of 5.4). After that, it will bounce up to complete 5.5 with a target of 120,000–150,000 before entering wave A of a large correction (ABC cycle).

This information is for reference only.