TA looking good I believe within the correction we had an expanded flat through W. X is also complete. Now Y possibly a zig zag maybe triangle time will tell. Orders at $2 for now. 4HR
First X wave cannot be a wave 2 in a elliot 1,2,3,4,& 5 down not valid to many sub waves. Wave W and wave Z equal in length.. Correction over guys, final push is on!
ALL IN THE TITLE AND CHART
CHART IS WORTH A 1000 WORDS, SAYS IT ALL.
CORRECTION NEARLY COMPLETE ACCUM HAPPENING NOW. WAVE ANALYSIS STILL VALID. IF.. WE DROP LOWER FROM HERE AND CLOSE WEEKLY NO LONGER VALID.
THINK LONG TERM BUT ALSO BE SENSIBLE DO NOT ATTEMPT TO CATCH A FALLING KNIFE NORM DOES NOT END WELL... WAIT FOR CONFIRMATION.
3 TARGETS SHOWN SIMPLE TA THAT WORKS
PULLBACK began on 14 / 4 I see a shallow correction then a PUSH towards 80K
SHORT TERM SHORT OVERALL TREND UP
If 13K BREAKS WE ARE GOING DOWN SHORT TERM (4HR)
Wave Y in full swing should yield % gains similar to wave X.
XBT at weekly 61.8 fib level
Bear flag consolidation in full swing.
Elliot waves within flag.
11% PUSH TO FIRST TARGET 0.00619 (Fib extension 161.8)
20% PUSH TO SECOND TARGET 0.007189 (Fib extension 261.8)