My previous analysis had wave counts/ fibo levels that were not best aligned. I've updated it here.
Please use this as a reference. Important thing is looking for key reversal signals at these key price levels (supports and resistances)
My favorite reversal signals are indicator divergences (RSI/MACD + many others) or volume picking up with strong buy movement.
This is just for educational purposes not a trading advice.
Comment if you have any questions.
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This was my previous analysis - although the fibo levels were drawn wrong, the price action levels held and the general trends were spot on ( bitcoin following my grey arrow scenario and continuing with the red arrow scenario...)
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Heres my initial BTC calling the fall before it happened
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breakout happened. The bull market might be back. Watching carefully...
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Following the grey arrow testing 2nd major resistance.
Following, Love the analysis. I just tried to work something up for BTC but I'm still very new. We have similar wave lables. How do you know when the price action will deviate from an ABC correction to abcde or some other waveform? I'm struggling to know when the Elliot wave no longer holds and when to rely on indicators and trendlines.
Thanks for the analysis!