BTC/USD Bitcoin ZigZag Correction Elliot Wave Forecast 5 3 5
Updated
Hello Trading Maniacs!
Bitcoin is having a ZigZag Correction as you can see on the chart! This is a 5-3-5 structure in a Bull Market. We are now in wave (B) of the zigzag which is an abc pattern. This fairly weak correction will take us to the 50 fib. Seen on the chart as a the end of wave c. From that point we will go to minor wave 3 with 5 waves to the upside. The strongest wave so I expect a good bull run. I will update daily for price predictions.. Because for now this is impossible because we need to see if this correction does what is expected.
You can use Elliot Waves on any timeframe, just zoom in and you will be amazed :)
Happy Trading
Trading is at your own risk, dont blame the messenger.
Bitcoin is having a ZigZag Correction as you can see on the chart! This is a 5-3-5 structure in a Bull Market. We are now in wave (B) of the zigzag which is an abc pattern. This fairly weak correction will take us to the 50 fib. Seen on the chart as a the end of wave c. From that point we will go to minor wave 3 with 5 waves to the upside. The strongest wave so I expect a good bull run. I will update daily for price predictions.. Because for now this is impossible because we need to see if this correction does what is expected.
You can use Elliot Waves on any timeframe, just zoom in and you will be amazed :)
Happy Trading
Trading is at your own risk, dont blame the messenger.
Note
I will update this chart until full correction is completed
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