AJAYSHARMA

Elliott waves - BTC making a bottom ?

Largo
COINBASE:BTCUSD   Bitcoin
I think BTC is hammering out a bottom in form of wxyxz where z is a triangle . On can also argue that it may be forming a wave 4 triangle to complete a 12345 impulse down . This would mean only wave A down . I am assuming wxyxz correction because the correction has retraced .618% of wave iii and is consolidating in previous wave 4 of one lesser degree . What we can assume is that its a good bottom with SL at previous low which is a good risk reward ratio. This can also ve wave A of multimonth triangle to come . It tough but there a good risk reward ration on the buy side . Regards
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