BTC Update: In-Depth Elliot Wave Analysis
BTC forming two possible corrections
PRIMARY PATHWAY:
ABCDE -
BTC Hits D wave successfully around 13400-13800 zone then retraces down to E wave target around 8.1k zone. RSI / MACD both confirming upwards movement.
ALTERNATE PATHWAY:
ABC(D2)(E2) -
BTC is done with the D wave and is heading down to E wave as we speak. Not very likely given how bullish BTC is acting this morning.
3rd alternate count (EXTREMELY UNLIKELY CASE):
ABC Finished:
ABC is finished and BTC is going to fly after this sell off to previous C level around the critical 10500 support. Not enough volume to support this decision yet.
(Any feedback will be greatly appreciated. I just started charting about last week so excuse the mess!)
PRIMARY PATHWAY:
ABCDE -
BTC Hits D wave successfully around 13400-13800 zone then retraces down to E wave target around 8.1k zone. RSI / MACD both confirming upwards movement.
ALTERNATE PATHWAY:
ABC(D2)(E2) -
BTC is done with the D wave and is heading down to E wave as we speak. Not very likely given how bullish BTC is acting this morning.
3rd alternate count (EXTREMELY UNLIKELY CASE):
ABC Finished:
ABC is finished and BTC is going to fly after this sell off to previous C level around the critical 10500 support. Not enough volume to support this decision yet.
(Any feedback will be greatly appreciated. I just started charting about last week so excuse the mess!)
Trade active:
CORRECTION: TARGET #1: WAVE D not 3.
Comment:
ALTERNATE PATHWAY STILL IN PLAY.
Comment:
lesson learned: do not attempt to perform elliot wave analysis when you are plastered out of ur mind.
so many mistakes on this chart i can't even
so many mistakes on this chart i can't even
