The above chart is my overall Elliott Wave count for BTC over the past few years, 2019 - Present... We've currently closed out of the wave 3 with the 5 wave count I put below confirming it... Next you have a wave W that is confirmed in a WXY move... The Y of this move is confirmed in an ABC... The Y of this move is yet to be confirmed. The original thought was that the ABC, which made the sub wave W of this final move, was the wave Y, but this correctional move after it has pointed towards it being a combination of the W move just mentioned, this current correction, and the next move, Wave Y... ANOTHER THING TO NOTE!!!... The wave Y will be correlated in proportion to the Wave W...
I have the zones for likely correlation proportions, essentially price levels, so lmk if you guys want them!
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.