This is my main Elliott Wave Count for TRX/BTC. The bearish impulse move has not finished corrected, but there by the way price action is playing there is a good likelihood of a divergence forming on a higher timeframe. Could consider a short flip at the labelled Wave (iii) bottom which lies just above the Golden Pocket. Have a tight stop-loss and don't trade with a large size.
Alternate count would be a W in place of the labelled (iii), X in place of the labelled (iv), and an ABC down to bring us towards the 78.6% or lower.
Short term (1 Week): Bullish
Mid term (1-2Months): Bearish
Alternate count would be a W in place of the labelled (iii), X in place of the labelled (iv), and an ABC down to bring us towards the 78.6% or lower.
Short term (1 Week): Bullish
Mid term (1-2Months): Bearish