Bitcoin
2025-01-11
Category: None

Another possible scenario is that this correction looks like an Elliot Wave Channel, with the C wavelength very close to the B wave. 

The corrective channel is made by two trendline lines. The first primary line connects the starting point of wave A to the end of wave B, and then the parallel line is placed at the end of wave A. Normally, wave C will end at that parallel line to complete a corrective retracement.