Bullish BTC projection using elliot wave on the daily chart
Hi,
I'm new to elliot wave theory. Looking for feedback, also if anyone knows the statistical percentages of an ABC correction. This is my first attempt a drawing elliot waves. Does this drawing even look reasonable? If it is an accurate drawing, and we get a C wave that exceeds the prior 4 wave (@7600is that of great significance? Would that indicate a trend reversal, and invalidate this just being a correction in a bullrun? I am seeing more and more people jumping on the train to $4500 and lower. that is a little concerning to me?
Chris
I'm new to elliot wave theory. Looking for feedback, also if anyone knows the statistical percentages of an ABC correction. This is my first attempt a drawing elliot waves. Does this drawing even look reasonable? If it is an accurate drawing, and we get a C wave that exceeds the prior 4 wave (@7600is that of great significance? Would that indicate a trend reversal, and invalidate this just being a correction in a bullrun? I am seeing more and more people jumping on the train to $4500 and lower. that is a little concerning to me?
Chris