ElliottWaveBro

BITCOIN XBTUSD Elliott Wave Analysis 1/29/21

Long
KRAKEN:BTCUSD   Bitcoin
Wave (4) correction complete: Five waves ABCDE ( I labeled WXYXZ)
Correction ended on a Zigzag with ((c)) truncated fifth wave
After that we see an impulsive wave one, labeled as i
Wave iii broke past the resistance of the triangle and reached the 1.618 of wave i, this is clear confirmation of change of the trend, we now begin Wave (5)


Sorry all my previous Bitcoin charts I called correction complete too soon, I was focused on the 15 and 5 minutes smaller degree when the hour and four hours degree shown a clear triangle, regardless, this was a good practice on my learning of Elliott Waves

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