The Five Wave Pattern Is Bitcoin Setting A Bullish Trap For Investors

Is the primary digital asset bitcoin actually setting a bull trap for investors, as a crypto analyst is saying that the primary digital asset is almost fulfilling the Elliott wave theory which says that the main trend of an asset’s price moves in a five-wave pattern while a correction occurs in a three-wave pattern.

[source](

From he’s observation which he made tweets about to he’s followers that bitcoin is heading it’s final leg of it’s upward trajectory before it will experience a crash in it’s price. He was able to achieve this by applying the Elliot wave theory which he says that bitcoin is already forming it’s final lap of bullish run before we witness a reversal in market price.

The wave 5 on the BTC daily [timeframe] now well underway.
Anticipating us to take out those $25,200 highs, probably seven a tad higher up to around $26,000 – $26,500 to obliterate the last remaining bears, get everyone mega bull, then a slow 2 month+ dump into the $19,000s before the real 2023 bull run begins.

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

Posted Using LeoFinance ^Beta