Another short update on my expectations in Bitcoin.
BTCUSD
In the last few days we saw a solid downtrend in Bitcoin and successfully corrected 1000$ since the top of Wave B.
Now my expectation is that this downtrend was Wave 1 and the volatile pump from yesterday would be Wave 2.
A hard drop in Wave 3 has gotten more likely and i expect Wave 3 to start in the next few days.
Just keep in mind that another detour to 11500$ is still possible but very unlikely, i will keep this alternative on the chart until Wave 3 starts!
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
BTCUSD
In the last few days we saw a solid downtrend in Bitcoin and successfully corrected 1000$ since the top of Wave B.
Now my expectation is that this downtrend was Wave 1 and the volatile pump from yesterday would be Wave 2.
A hard drop in Wave 3 has gotten more likely and i expect Wave 3 to start in the next few days.
Just keep in mind that another detour to 11500$ is still possible but very unlikely, i will keep this alternative on the chart until Wave 3 starts!
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.