I'm quite new to this and I'm really fascinated about TA's. During the last weeks it was challenging to use short-term TA's against BTC (most of them just did not work) but after this storm all pieces of the puzzle seem to fit together and a beautiful rainbow appears at the sky! This might announce the end of the correction. After rain comes sunshine!
Look how perfect this 5-3 Elliott wave completed his full cycle 3 impulse waves followed by 2 corrective waves. The corrective waves were introduced by a very clear H&S pattern at the top and even the fibs seem to align (always nice spoken afterwards :-) )
We're now at the end of the last corrective wave, so if this turns out, a new Elliott cycle will start with a first long impulse wave to end up in new heights once the 3 impulses are done. I'm not expecting BTC to further drop below 11.200.
Comments are welcome!
Look how perfect this 5-3 Elliott wave completed his full cycle 3 impulse waves followed by 2 corrective waves. The corrective waves were introduced by a very clear H&S pattern at the top and even the fibs seem to align (always nice spoken afterwards :-) )
We're now at the end of the last corrective wave, so if this turns out, a new Elliott cycle will start with a first long impulse wave to end up in new heights once the 3 impulses are done. I'm not expecting BTC to further drop below 11.200.
Comments are welcome!
But will it be the second wave of the corrective wave or the first wave of a new impulse wave? Give it a few days...