Elliott Wave Analysis of BTC/USD
We should be nearing the end of a third wave, ready for a significant pullback to the $3600 region, before heading back up for a high-degree top in wave 5 of (1). I would be wary of remaining long without any concerns for the downside.
TradingView doesn't go back far enough to see the first wave. I have attached what I was charting way back on 1-7-2015, wave 1 and the a-b-c correction for wave 2.
TradingView doesn't go back far enough to see the first wave. I have attached what I was charting way back on 1-7-2015, wave 1 and the a-b-c correction for wave 2.
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