Elliot Wave Theory analysis.
WXY correction in the works.
BTC road to 6k? WXY correction.
Y can end anywhere between 6-8k.
Depends on if we get a typical C wave we would end up near 6k
If we have a short C wave we end up near 8k.
Looking closer at current price action. It doesnt seem done yet.
Retest of 9500$ or lower is likely (needs to hold 9000$ or this count gets invalidated)
So we finish up the 5 waves down for this A wave.
WXY correction in the works.
BTC road to 6k? WXY correction.
Y can end anywhere between 6-8k.
Depends on if we get a typical C wave we would end up near 6k
If we have a short C wave we end up near 8k.
Looking closer at current price action. It doesnt seem done yet.
Retest of 9500$ or lower is likely (needs to hold 9000$ or this count gets invalidated)
So we finish up the 5 waves down for this A wave.
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Disclaimer
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.