So you predict expanded correction 3-3-5 a cording to Elliott.. While market boom B is above begining of A and C is much under end of A thats technical explanation for bigger correction... But how will look like 4 in this case.. ? B is above wave 3.. Correction should goes down, shouldn't it ? Reply
I don't get counting B uising your method at the moment.. Yet..
Otherwise using traditional Elliott I same as you observed that we started now black 5 ( for a first look as I remember fibo told me that it can reach about $1560 range but as you know for sure:
1. it's bitcoin and 5th black wave what means it is last up wave before BIG ABC correction so everything can happen..
2. It's is risky moment to get in the "train".. When panic sell can increase..
On the other hand technically black 1 is similar length to black 3 what suggest that black 5 should be elongated.. That's why $1560 or more range possible.. After that big ABC as a red 4 correction wave as you told..
And what do you think about situation Gugubear ?