klee10
Short

BITCOIN Elliott Wave! Count says we retest lows!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello traders!

Behold the last remaining long term bullish elliott wave count!

It is possible by EW rules to have a bounce off of the bottom of the turqouise bear flag , and begin a VERY bullish Wave Three inside another Wave Three!!

This will be suspicious if we break through the bottom of the bear flag , but it will be altogether INVALIDATED if we drop below the start of the yellow 5 wave at 8514!

Also keep in mind that the blue sub sub sub wave (b) could be extended, as the red sub-sub-sub-sub abc could turn into a tiny 5 wave up. This would be a tiny move with a TERRIBLE risk reward to enter, so keep those shorts shorting!
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