BTC working on a short-term bottom followed by consolidation

My Elliott Theory says this decline has 1 more possible low to it and then it's potentially off to a month of consolidation sideways to complete a wave 2 bottom followed by wave 3 in September.
Basically, go on vacation for the rest of the month...nothing to see here for awhile.

Commentaire:

Looks like that could be the low. Putting stops just below that $6100 low.

Trade fermée: ordre d’arrêt atteint:

This bear is relentless. There looks to be more decline in the short-term here and possibly could break late-July lows at least.