The Bart pattern expanded a bit so this provides a little more data for the extension used to project a shorting zone.
I've cloned some prior elliot waves to get a loose idea of how it might play out but it doesn't really matter how it gets there.
The point of this chart is there is no trade at all on BTC at the moment and the only trade worth watching for is where it provides an ideal shorting location by jumping up above the value area while at the same time burning out the bulls' ammo with a 5 wave impulse.
I am not yet looking for a bottom fishing long either because price is really not low enough. I am looking for a long term low of 1k to 2k which is around a 95% drawdown from the high.
I've cloned some prior elliot waves to get a loose idea of how it might play out but it doesn't really matter how it gets there.
The point of this chart is there is no trade at all on BTC at the moment and the only trade worth watching for is where it provides an ideal shorting location by jumping up above the value area while at the same time burning out the bulls' ammo with a 5 wave impulse.
I am not yet looking for a bottom fishing long either because price is really not low enough. I am looking for a long term low of 1k to 2k which is around a 95% drawdown from the high.
