BTC Elliot wave count down to 7540 then up to 18725
Following Elliot wave theory we have been in a double three corrective wave since completion of wave 1 at the yearly ATH of 13.5k. We are completing wave C, which is the last wave in the corrective structure. If we assume that wave C will be 1.618 the length of wave A it will bring us to $7540. After completing the correction, wave 3 will begin which is usually 1.618 the length of wave 1, wave 1 being this year's low to this year's high. This will bring wave 3 to the height of $18725.
So according to Elliot wave theory, we still have a little down and then a tremendous rally.
So according to Elliot wave theory, we still have a little down and then a tremendous rally.
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