Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Elliot Wave Theory analysis.
WXY correction in the works.
BTC road to 6k? WXY correction. Y can end anywhere between 6-8k. Depends on if we get a typical C wave we would end up near 6k If we have a short C wave we end up near 8k.
Looking closer at current price action. It doesnt seem done yet. Retest of 9500$ or lower is likely (needs to hold 9000$ or this count gets invalidated) So we finish up the 5 waves down for this A wave.