Bitcoin elliott wave update
Diupdate
From alth to bottom it made 5 waves Down. We are now in corrective fase up. I have provided a detailed count of the last 5th wave.
Some have the last 5 th wave as b wave. That is possible but I cannot get the subwaves to fit in a b wave. If it is a b wave we are now in an expanded flat which is about to end. For now I go with 5 waves Down and look for a zigzag up as a corrective move before new lows
Some have the last 5 th wave as b wave. That is possible but I cannot get the subwaves to fit in a b wave. If it is a b wave we are now in an expanded flat which is about to end. For now I go with 5 waves Down and look for a zigzag up as a corrective move before new lows
Catatan
Possible bwave ss alternative to the 5 th wave Catatan
Detailed count of the 5th wave Catatan
Count on the move up. Looks like we in wave 4. Catatan
Possible triangle in w 4 Catatan
Triangle could have finished with a triangle in the e wave. We will see Catatan
Called the e wave a little early. E was a regular zigzag with a triangle in the b wave. We should get a 5th wave up before correction down to 22 k area. If we go lower the triangle invalidates. Catatan
The correction was a wxy with a triangle as y wave like this Catatan
As mentioned earlier this could be a 4 th wave and we are in proces of finishing the last 5th wave. However it is also possible thst recent correction was a shallow w2 of angoing 3rd wave of a c wave like this. Catatan
If its the latter ( and indicators suggests it) next target to look for is around 36 k for s finished 3rd wave.Catatan
5 waves up from 27.7 k is coming to an end. After the correction is done it should clarify the wavecount om medium term. Around 30.8 target for 5 th wave Catatan
Couple of posdibilties. Scenario 1 Catatan
Scenario 2 same target as wxy Catatan
3rd scenario. We in an unfinished 3rd wave. Catatan
4th scenario. Technaly a perfect fit but rsi Reading make me doubt this count . Catatan
Scenario 4 is my preferred count for now. Rsi May not be sn issue since wave 1 was extended and 3 and 5 were not. Furthermore equality between 2 and 4 in time and alteration in depth. W 3 and 5 always rougly equal in time. I look for a b wave Down to 21 k area.Catatan
Scenario 1 or 3 seems are still an option. The count Will become clear soon.Catatan
If current lows hold. Next level to look for around 32.7 for s possible wxy Catatan
I antecipate something like this Catatan
Count from top. Looks like a timeconsuming flat if bottom holds. Or we in a larger wave down Catatan
Nothing has changed. Still downside expected. Catatan
5 waves Down com plettes. W2 up if the above is a triangle. Rsi does not confirm s triangle . Another scenario is a flat and we get a cwave up to 30 k before more down Catatan
Bottom in for now. A zigzag completed. Catatan
Move up appears corrective. If so more downside. Catatan
Bullish pattern developing leadin diagonal with s double zigzag as w1 tradingview.com/x/CoCatatan
Catatan
Waiting for wave 2 to finish. A zigzag with a flat for b wave. Catatan
Zigzag looks finished Catatan
Upside. Remains to be seen if 5 wave structure or a zigzag. Zigzag target White or blue Line. 5 wave structure target around the blue Line. Catatan
Looks like we get a zigzag up. Bwave being a triangle Catatan
Very complicated waveaction. Still possible we get a c wave up. However its doubtfull. Spottet this potential bearish pattern. The triangle aint pretty but no violation and all the subwaves with in could be counted as zigzags. Catatan
Triangle almost invalidated. Looks like a bullish move up after all. Ld as w1 snd then another. W1. Could be a finished zigzag as well. We Will know if 27.4 comes Catatan
On weekly tf. I look at these 2 possiblities. Scenario 1 5 waves up as wave a. Current correction a b wave as wxy
Catatan
Scenario 2: we have finished a zigzag up as wave w. We currently in a triangle as x wave. Once triangle is finished we get a y wave upCatatan
5 waves building up as 1st leg of zigzag Down. Catatan
Watch out for a possible 3 wave structure instead. Catatan
Waves clearing up. Wxy in the making. X wave an expanded flat. Current move up is a c wave of a flat finishing the cwave. The coming y wave Down Can be expected to last around 4 weeks. Catatan
The above ongoing cwave still posdible. But 2 other counts could be in plays ss well Catatan
Second: xwave finished and we are forming a leading diagonal as wave a of the ywave Catatan
Complicated wavestructure on small tf but it looks like we could be in a b wave of the y wave. If so blue c could end round 25th of june. Catatan
C wave of y in progress Catatan
Still waiting for y wave to complete at 23.8 k. Probably 6-8 days left. Once its done a move up to 30 k is expected Catatan
5 finished waves up. This changes the weekly count a bit. I will update later. But this wave up was the 5th wave up to finish a 5 wave structure from 15 k. Next months of b wave action with target round 24 k Catatan
Weekly count. 5 waves finished. A wave of zigzag. W2 expanded flat. Wave 4 wxy. Equality between 1 and 3. Highest risk on 3rd and bearish rsi Div on the 5th Catatan
Last wavecount is wring. Subwaves dont fit. Form bottom we have 5 waves up then 2 months of corrections as wave b or 2. Latest move up was 5 as well. Could be wave 2 of bigger 5 wave struction Catatan
Complex corrective structure but most likely sn exp. Flat in the making Catatan
Alternative bullish count. Will see if 30.5-30.2 holds Catatan
So far a 3 wave move Down ( if its finished) in that case we have a bullish set up . So far prices making higher highs and lower lows so exp flat might not happen. Catatan
Not an exp flat but a simple zigzag. At least for now. Catatan
Catatan
Zigzag might be forming on weekly with c wave being a diagonal 
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