After zooming out and studying Bitcoin in depth, we have come to a really nice Elliot wave scenario. We started the bullrun late January at around 33k . We are currently in the First wave of FIVE.
Here's the breakdown:
First Wave - 5 wave impulse
Second Wave - 3 wave correction
Third Wave - 5 Wave impulse (often the biggest wave)
Fourth Wave - 3 wave correction
Fifth Wave - 5 wave impulse (or ascending correction)
Expecting the current wave to end soon and then start an ABC correction (second wave)
