If this theory were to play out, that would put Bitcoin in a 5 wave down sequence for Wave C to complete the full retracement.
Looking at things from a Weekly timeframe, it would align nicely with RSI pushing down to oversold 30s and Wave C would tend to be lower than A in this area, so we may get below 5880s. Not predicting a price. Just trying to identifying...
I will not predict price points as too many aspects can play within a market; but I will use Fib Retracement & Extension levels for targeting potential ranges. Consequently, I am more of an "in the moment" type of trader that focuses upon trend direction via Elliot Wave, while using other aspects to help identify and react to trade decisions. I tend to focus on...
I will not predict price points as too many aspects can play within a market; but I will use Fib Retracement & Extension levels for targeting potential ranges. Consequently, I am more of an "in the moment" type of trader that focuses upon trend direction, while identifying and reacting to signals in front of me. I tend to scalp alt coins to focus on my end goal of...
