BTCUSD - Elliott Wave - Where the last leg went

Comment:

Some people are still waiting for a "missing" leg. This is just a theory about where it might have "gone".

People are also comparing this to Nasdaq, but if you look at the charts, they are entirely different. In their case, their 4th leg didn't touch the 1th leg (EW rule), while in this case (for those who are still waiting for the missing leg), the 4th would touch the 1th wave. So it would break EW rule.

Comment:

There will of course come a correction for this move upwards, but that won't be the 5th leg (as this move upwards has already touched wave 1). It will be a wave 2 (correction) on this upwards wave 1.

Comment:

And in the end, this is just a theory for my EW people missing their last leg :)