After rain comes sunshine... TA's at work
Updated
I'm quite new to this and I'm really fascinated about TA's. During the last weeks it was challenging to use short-term TA's against BTC (most of them just did not work) but after this storm all pieces of the puzzle seem to fit together and a beautiful rainbow appears at the sky! This might announce the end of the correction. After rain comes sunshine!
Look how perfect this 5-3 Elliott wave completed his full cycle 3 impulse waves followed by 2 corrective waves. The corrective waves were introduced by a very clear H&S pattern at the top and even the fibs seem to align (always nice spoken afterwards :-) )
We're now at the end of the last corrective wave, so if this turns out, a new Elliott cycle will start with a first long impulse wave to end up in new heights once the 3 impulses are done. I'm not expecting BTC to further drop below 11.200.
Comments are welcome!
Look how perfect this 5-3 Elliott wave completed his full cycle 3 impulse waves followed by 2 corrective waves. The corrective waves were introduced by a very clear H&S pattern at the top and even the fibs seem to align (always nice spoken afterwards :-) )
We're now at the end of the last corrective wave, so if this turns out, a new Elliott cycle will start with a first long impulse wave to end up in new heights once the 3 impulses are done. I'm not expecting BTC to further drop below 11.200.
Comments are welcome!
Note
I think BTC started to move in an uptrend now as it broke some trends.But will it be the second wave of the corrective wave or the first wave of a new impulse wave? Give it a few days...
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