BTC has reached a high probability zone for reversal and continuation downwards , if this ends up being the more bearish count I presented in my last idea .. We have nearly achieved the .5 Fib retracement of the proposed Wave 3 , as well as reaching a 1.618 extension of the proposed wave A .. Along with this , BTC failed to break and hold above the large downtrend line I have had .. Worth keeping a close eye on ..
Comment
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Bearish out look , from previous post ..
Fib was adjusted in this update , however , it hit right off that .382 fib as projected ..
Hi, is your last C wave 3 of 3 or 3 of 5?
If December was the low, does Elliott Wave say the next wave will be comprised of 5 waves up (then 3 down, 5 up, 3 down etc)?
Thanks
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adiocity
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@imminent, Hmm , sorry about that , usually it works .. here's a screen shot , I'll try to find the sharing opportunity so you can get a better view ..
adiocity
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@imminent, Hi , I found and turned on the sharing , so it should work now!
If December was the low, does Elliott Wave say the next wave will be comprised of 5 waves up (then 3 down, 5 up, 3 down etc)?
Thanks