$BTC Super Bear Market Cycle!?
All Time Chart Analysis 🔎
This is just something to be aware of. ✅️
I'm not saying this is going to happen but ANYTHING is possible.
We can see the green Elliot Impulse Waves 1, 2, 3, 4, and 5.
Normally there is a correction afterwards. Then we see the red ABC correction.
There is a pink head and shoulder pattern that looks possible.
*It will be negated if the newly formed yellow 1M 200MA can stay below price action.
However if price breaks below the 1M 200MA this senario becomes much more likely.
If the trigger line of the head and shoulder pattern is broken