Bitcoin Elliott Wave Analysis

9 sept. 2020

Bitcoin has unfolded in 3 waves which can either be zig zag or an impulse off of the recent peak, now it can be discerned to be in wave iv of wave 3 or wave c, wave iv here is a triangle but it will be early for me to say that it will just be the triangle because the triangle here can be a part of a much complex pattern which is yet to unfold, now after the fourth wave finishes we'll have a final fifth wave down leg, and if this was just wave c then price should resume upward, but if this is an impulse in the making expect more downside which will be wave five.