Elliott is still on top of things around here...
Updated
https://www.tradingview.com/i/2Dieyn4S/
As was stated before, BTC seems to be aiming for one of the previously mentioned typical (for wave 4) fib retracement levels.
Wave 4 seems to be unraveling in a form of a complex WXY correction with a Zig-zag-any three-expanded (or regular) flat.
Fib extension levels, 1.618 in particular, targeted by the flat formation are confirming the previously calculated targets.
Elliott was a genius, I just hope I used his theory correctly :)
As was stated before, BTC seems to be aiming for one of the previously mentioned typical (for wave 4) fib retracement levels.
Wave 4 seems to be unraveling in a form of a complex WXY correction with a Zig-zag-any three-expanded (or regular) flat.
Fib extension levels, 1.618 in particular, targeted by the flat formation are confirming the previously calculated targets.
Elliott was a genius, I just hope I used his theory correctly :)
Note
The sentiment is definitely turning bearish (checkin the news). Mainstream is catching up to TA. I'm not so sure about the extended flat pattern anymore. We need to see some more candles.Note
It's actually more like a typical expanded flat now...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.