BTC Elliott Wave count
Bitcoin Elliott Wave count update
- Still into the 4th wave, WXY correction pattern.
- Also I think 4th wave will correct into 0.5 fib retracement of 3rd wave, somewhere at 34200
- Changed a little bit things into Y wave. We have a Y wave formed by a zigzag pattern ABC, where B wave is a barrier triangle. (also this triangle can be a X wave if it is an y wave a complex pattern WXY but does not matter)
- Also we have a barrier triangle wave B from triangle`s zigzag wave D
- On the long term I am still bearish on BTC
- I will update Bitcoin count at least twice per week so subscribe to watch my future counts.
- If you like my analysis please give it a like. Thanks
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