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whoisthelorax
13 juin 2018 17:38

BTCUSD Full correction EW count 

Bitcoin / DollarBitfinex

Description

TLDR
-truncated 5th in A wave makes sense, takes care of the problem that the entire push down to 6k cannot be an A wave (due to significant 1/4 overlap)
-we are NOT correcting the entire move from the 2015 bottom, but the elliott wave cycle started in 2017
(see michaelvandepoppe full EW count in 2017 as completed 1 and 3 waves)

Commentaire

The bigger picture
WXY correction or ABCxABC
still bullish
must set HH and HL on incoming bull run (which probably wont start until we tap the 100 weekly MA)

Commentaire

(100 weekly MA = $4400)
Commentaires
whoisthelorax
where we are now

whoisthelorax

Plus