As promised, here is my take on the bullish count. The price action is very complex, and there are multiple possible combinations, but nonetheless, this would be my view for a potential bullish elliot wave count. IF this count is in play, then there could be a very significant move higher in the works, and you can see the price begin to "coil" and get very tight, which would also mean a LARGE move is coming! Again, my primary focus is watching the latest down trend line from the peak.
I should also mention that Bitstamp and Bitfinex are offering the cleanest price records which I have chosen to use for the Elliot wave counts. The others offer too much overlap, and it's too difficult to get a clean count.
Good Luck!
I should also mention that Bitstamp and Bitfinex are offering the cleanest price records which I have chosen to use for the Elliot wave counts. The others offer too much overlap, and it's too difficult to get a clean count.
Good Luck!