Risk Mitigation Post | Possible BTC TopThis post presents a potential top for BTC Price Action (PA) for your confluence and Risk Mitigation.
I do not care if I am wrong, and invite constructive comments to improve the count and enable everyone a more holistic understanding of BTC PA, rather than destructive comments that do not achieve anything other than show the community the type of person your are.
The primary rationale for this count lies within the retracement on completion of the initial 5-Wave move up on completion of Primary WA.
From my perspective, this retracement exhibited insufficient depth to be counted as a W2.
Reverting to what I call the Elliott Wave Theory paradox, if it is not a W2, it must be a WB.
The targets presented in this chart may overshoot, however, I feel more confident in a new low, than an ATH on this move.
CRYPTOCAP:TOTAL was used to confirm this count.
Trade Safe.
TOTAL Chart:
