After 5th wave truncated BTC is now in corrective phase. I believe we are in subwave A of wave B of this correction. I'm new so don't take this as financial advice!
New to TA so please excuse my ineptitude. As far as I can tell, this idea conforms to Elliot Wave formation rules. If this is correct, we will be entering corrective wave 2 shortly if $11786.01 isn't broken. I would appreciate any feedback if I've misunderstood or overlooked any formation rules which invalidate this analysis.