dRends35

BITCOIN - Elliott Wave

Short
dRends35 Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
This is the elliott wave count I'm working with currently - a complex WXYZ with two contracting triangles.

But take a glance at the two dotted lines and what do you see? For all its complexity this has been nothing but a long contracting triangle wave 4.

Where does it end exactly? - I don't know. Price has moved passed the fib time target. However tightening price bands lead to explosive moves and this correction looks close to rolling off the table.

Next support 17K.

See you there.
Commentaire:
I don't really have a count for this current fractal minutiae - its too messy. But what is pertinent is lower highs, lower lows and tightening price action - all bearish.

Price now rejecting from the contracting triangle above. The tighter price action is the more chance it will fall off the table à la BTC 2018 6K.


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