Elliott Wave: Btc moves into a corrective phase, my initial target for wave 5 is

Elliott Wave: BTC Enters Correction Phase, First Target of 5th Wave is $78,000.

Bitcoin price has been trending downward since March 28, 2019. From December 4, 2018 to February 22, 2019, the price traded above the 50-day and 200-day moving averages. BTC entered a correction phase, after which I experienced a downward wave commonly known as the Elliott Wave. The final fifth wave was completed on April 7, 2019 and we are now entering the fifth wave of the adjustment process.

It's been almost two weeks since I wrote about the Bitcoin (BTC) Elliott Wave Analysis, and so far there has been no change in the price trend. BTC is still trading below the 20-day and 50-day EMAs, suggesting we are still in a flat range and no serious move is expected until this correction cycle is complete.

The last 5th wave ended on April 7, 2019 where he ended at $78,000, but I expect to see another correction before this 5th wave is completed, so my first 5 wave goal is $78,000. But it'll be flatter than what happened