BTC correction time - C Wave to $8k ?
Updated
#BTC Update
Here's the Elliot waves for BTC. We're done with 5 Waves and now having ABC Correction.
If we lose the $9800 support, we're dropping to $9200 zones which can act as a strong support. The Last zone i'm looking at is $8300 areas, If we reach there this might be the end of ABC Correction.
I'll be bullish again if we goto 11k areas again and daily candle closes above, That would mean this was a trap for Both longs and shorts. But my main scenario is the bearish one.
Here's the Elliot waves for BTC. We're done with 5 Waves and now having ABC Correction.
If we lose the $9800 support, we're dropping to $9200 zones which can act as a strong support. The Last zone i'm looking at is $8300 areas, If we reach there this might be the end of ABC Correction.
I'll be bullish again if we goto 11k areas again and daily candle closes above, That would mean this was a trap for Both longs and shorts. But my main scenario is the bearish one.
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Target 1 Reached
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