### FOLLOW THE PREDICTION HERE:
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https://www.tradingview.com/chart/BTCUSD/JD5O9od8-Bitcoin-Elliot-waves-to-new-highs-9k-target/
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![elliot.png](https://steemitimages.com/DQmeNJ8wYFHwifqpmyeop71P9AX6Lgp2ktKhxnt8qPGDNCc/elliot.png)
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# Some education about Elliot waves
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# Properties of an Elliot Wave: 
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# Wave 1 - Hardly ever obvious at its inception, previous trend is still considered to be in force. 
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# Wave 2 - Corrects wave 1, never extends beyond the starting point of wave 1 however. Bearish sentiment builds. Volume is lower than wave 1. 
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# Wave 3 - Prices rise quickly, corrections are short-lived and shallow. As wave three starts, the news is probably still bearish , and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend . ( volume higher than wave 2) 
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# Wave 4 - Volume is well below than that of wave three . This is a good place to buy a pull back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend. 
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# Wave 5 - Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish . Unfortunately, this is when many average investors finally buy in, right before the top.