Bitcoin Stuck in Bearish Elliott Wave Pattern Despite 47% Rally, QCP Capital Says
source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
2023. Feb. 23. 10:22
In wave theory, market trends unfold in five waves, three of which represent the primary trend and the other two mark partial retracements within the primary trend. Bitcoin's year-to-date rally seems to be a retracement wave ahead of the final leg lower, QCP Capital said.
