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marzil

WXY Correction? An alternate count to BTC's current retracement.

Bitcoin (COINBASE:BTCUSD)  
marzil Updated   
COINBASE:BTCUSD   Bitcoin
Wave Analysis Elliott Wave
2
0
waveanalysis elliottwaves
A more complicated correction wave count for bitcoin.
Comment:
IMO, a short entry at this range would be a bad idea.
Even on a tight loss just above the primary target for B, the R/R isn't even 3.
This count is just for a support level (or long entry) in the bearish case of 7700 not holding up later.
Comment:
At target support level.
Enter long at 7200s w/ stop loss below 7000.
Support should hold.
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