hum it looks like a textbook but not sure if it is true :). I am bullish
I think we have completed the second waves and it touch the 0.618 level We are now gonna ride the 3rd wave
we are on the retracement phase ABC it might take until the 6 may 9 am UTC+2 before going for the last waves up
For those who have seen my last publication I have nailed the target of the first subwave 1 of waves 3 downward We now need to retrace and get a little bit of a push upward for waves 2 Let's see :)
I see a bearish elliot waves count on BTC. It must put a small C waves up to 7730 the 0.786 fib zone. Then we will start the waves sub waves 1 of the biggest waves 3. The angle of the 50 MA starts to become flat so let's see :)