TradingView
wolffarchitecture
Nov 5, 2022 5:46 PM

BTC & ETH Elliott Analysis/ Corrective for a a few more months 

Bitcoin / U.S. dollarBitstamp

Description

A this point Cyan and Yellow are both possible. Long-term Thinking we are midway through a large monthly flat A-B-C correction (which will wear on everyone's patience). Short term thinking the yellow path is a bit more likely and oddly enough the yellow path will ultimately yield higher prices before market has a major larger degree drop.

Comment

This Count helped us to confidently go short, However did not expect the speed which crypto dumped. Therefore not sure whether a bounce up pending immediately.... or if this is a wave 3 lower. Need to re-look at the count ... may post again but who knows ? (i am not a financial advisor)
Cheers for everyone who manage to catch this trade

Comment

Again the "right" count is the one that makes you money.
Comments
SwallowPremium
This can happen, thanks for your awesome work!!
CryptoAddict77
Elliot waves suck. There is a lot of fitting. You can always find a count.
More