For weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here)
Here are the main reasons why.
👉 Elliot Wave Theory I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month playout, the final impulse wave up awaits us (4-5).
👉 Bitcoin-Dominance Increasing & ALTS Bottom Considering MANY alts have seen bottom patterns after corrections (as discussed in the video), its safe to say the dump is over. But BTC.D is still increasing... If you want to further understand WHY this is a good sign, see HERE:
The RSI playout I've been talking about for weeks seems to be coming into play now. Looking at this playout for the final ATH, based on what the RSI did in the previous cycle:
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