Update BTC: BTC is still on Wave 1 if the price will cross below 8800 then it will confirm that wave 1 is finished.
But it can easily extend wave 5 this night by the Asian market.
anyway: BTC now in wave 1 or A. It means that it should go up as wave 3 or B.
1. Correction overall was already made more than 60%
b) Golden ration
c) 20 MA on a monthly chart
Elliot Wave pattern looks like Zig Zag. But for me suspicious. Also, existing impulse looks week but it's normal in wave 1. And if to look at other top 5 technologies they signaling also the main bottom.
I would like to see a price lower...
Pound for coming week should extend bullish. Where is possibility that correction pattern is not of ABC but WXY. Is fo then the price will rise further over the channel up to 0.382 fibo of wave (3) 1.3450