BITCOIN / USD LONG TARGET 12000$ (+10%) From this analysis of Elliott's waves we can see the possibility of a third wave formation with a target of $ 12,000. The first wave 3 sub-wave has already been realized, while now we expect a rise with the third sub wave and then the rise will continue with the fifth. Bullish signal confirmed by the Supertrend indicator, very precise in this wave count even in the past.
What if your ABC correction from 20th Feb was just an A, with B hitting 11200 yesterday, and C in play maybe to the 61.8. Who knows eh. ;)
AnacotAcciaio
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@STEVE.elliott, if my a-b-c correction were an a, it should have had a 1-2-3-4-5 formation, because wave a is a propulsive wave of the corrective movement
steve.elliott
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@AnacotAcciaio, iii, iv, A B iii - then B wave corrective v, C then top (those are your marks, not my labels)
AnacotAcciaio
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@STEVE.elliott, If C starts in v, sub-wave 2 would return all sub-wave 1, going against Elliott's rules
steve.elliott
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@AnacotAcciaio, I'm saying C starts at yesterdays top not at V