Bitcoin Elliott Wave Ii) Retracement

Bitcoin Summary:

A bullish correction pattern is developing, potentially dropping to 25K for Wave ii) or 4. I would only adopt a bearish outlook if the 25,000 level becomes tested resistance. In the next trading session, both Bitcoin and the NASDAQ are expected to experience a decline, followed by the NASDAQ reaching new highs. It remains to be seen if Bitcoin will follow the NASDAQ's trajectory.
Elliott Wave 4 or Wave (c) of ii)

Strategy: None

Analyst Peter Mathers TradingLounge™ Australian Financial Services License - AFSL 317817

Video Length: 00:20:31