## **Elliott waves, price will do anything to meet its destiny**

Albert Einstein once said:

> *“I have deep faith that the principle of the universe will be beautiful and simple.”*

Its the same principle I use when I see a beautiful chart. If it is so beautiful, it's very likely it will happen. Bitcoin ended third impulsive wave at $19,735, and the current correction is normal. After an impulsive wave there are two types of corrections, A-B-C and A-B-C-D-E. Price currently retraced ABC, it seems that there was enough resistance at wave D and it is very likely the second setup will come into play.

What excite me is that the descending wedge touches 61.8% retracement and $8,000 barrier. This is a perfect entry for a fresh new long position.

If we see another crash, remember I will be excited.


https://steemitimages.com/DQmX4gERASo2a9UMjdip1PFLnDWk9RdcR6kd2r4udeDWmKo/btcusd.PNG

## **Follows and upvotes are appreciated :)**
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**Disclaimer:** The information contained herein is author's opinion, does not purport to be comprehensive and is strictly for information purposes only. This is not a financial advice. It should not be regarded as investment/trading advice.