Current Elliot count shows March as being a good time frame to expect the ABC correction for the current impulse.
That could be the last best pullback area before BTC goes on a rampage for the much large 3 wave that appears on the monthly chart.
This ABC point lines up with a pitchfork that the current impulse seems to be following and is using the median line to find points 1, 3 and probably 5.
The pitchfork extension to the lower side will be where I'll be shifting 1x btc and eth positions into 3x leveraged positions to hold for at least until the end of the year if not more.
This is an area where less trading is more effective than more trading because it's more about letting the bull market take over and work than getting in and out of positions repeatedly.
That could be the last best pullback area before BTC goes on a rampage for the much large 3 wave that appears on the monthly chart.
This ABC point lines up with a pitchfork that the current impulse seems to be following and is using the median line to find points 1, 3 and probably 5.
The pitchfork extension to the lower side will be where I'll be shifting 1x btc and eth positions into 3x leveraged positions to hold for at least until the end of the year if not more.
This is an area where less trading is more effective than more trading because it's more about letting the bull market take over and work than getting in and out of positions repeatedly.
