Today we are on BTC, and what we can tell is that we are still on this correction phase that is lasting from the 12th May...
But don't worry, we might be seeing the light at the end of the tunnel, and we are possibly finishing the C wave in few days.
So we are expecting the BTC to drop to the different objective I draw, which correspond to the (b) of the C. -->My strongest objective is the 90%
Right after it will go up to do the (c) of the C.
Between 34300 and 34700 are my strongest objectives, and they are much likely to hit there, be prepared!
.....
Which means a DROP coming right after?
Who knows?
With this analysis plan, I can see that we are much likely to be in a complex Triangle (WXYXZ), and after thee objective of C reached, we might go DOWN to do the wave Z, with 2 stronger objectives ahead:
1---> 113%-123% 2---> 161% Those are the extension of the WXYXZ in order to find a Z
You can UNZOOM the chart to see everything that I have done on this one . . BTW, I made a PDF, regrouping all the knowledge I have found on Elliott Waves, from the greatest analysts books, into a clear, simple and explicative way, Contact me in private, or in comment if you don't have enough reputation point if you are interested . . Don't hesitate to comment and check my other ideas
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.