Is Bitcoin going for a Elliott Correction Wave (ABC)?
I won't lie I am quite new to Technical Analysis and I have just started learning about Elliott Waves and would appreciate any advice from the community to make sure I am on the correct path...
I have read a few articles about Ralph Nelson Elliott and his theory, I have also watched a few YouTube videos on how to set Elliott Impulse Waves. Most of those video's so setting it up in a bull market. They do go on to explain that it works in a bear market to but no one actually shows you how it is set up.
So if you have a look at my chart could you tell me if my Elliott Impulse Wave (12345) is correct? and if so have I set up my Elliott Correction Wave ( ABC ).
Any advice from more experienced traders out there would be amazing...
I have read a few articles about Ralph Nelson Elliott and his theory, I have also watched a few YouTube videos on how to set Elliott Impulse Waves. Most of those video's so setting it up in a bull market. They do go on to explain that it works in a bear market to but no one actually shows you how it is set up.
So if you have a look at my chart could you tell me if my Elliott Impulse Wave (12345) is correct? and if so have I set up my Elliott Correction Wave ( ABC ).
Any advice from more experienced traders out there would be amazing...
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