EW ABCDE Triangle Correction on Bitcoin (#BTC)Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools.
The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.
Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective ABCDE-Triangle. Wave-A is already formed and Wave-B just started.
The goal is to test the last low or create a new one.
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Abcco
What Now?Okay... you just completed your 12345 Ewave. Now you need to plot the potential path for your A B C correction.
Below are my TWO choices. One in Dark Blue... the other in Light blue.
But see those other lines??? Those are other possibilities that are still in play... but they are for the DAILY and WEEKLY levels.
But in the mean time..... Concentrate on 5 to A