I reviewed bigger time frame on BTCUSD and it kinda looks to me that this is one of possible scenarios. I tried to count carefully all the waves and their respective subwaves on small time frames and this Elliot Waves count should be valid according to EW rules. On this picture I've drawn only major waves so it is no so chaotic. The Idea is that BTC finished Wave 3 in 2017 (~20k) and now still needs to complete Wave 4 which could be this big Flat - completion would mean drop to area around 4k. This is not a trade setup it is more of an idea for thought. I would love to hear some opinions from Elliot Waves experts.