BitcoinUpdated bullish feb, bearish march
Wave 3 looking long in the tooth and will likely complete by next week. Looking for a .382 retrace wave 4 followed by 5 to complete wave C of the corrective expanded flat.
Note
Feb bullishness exhausting itself faster than I'd anticipated... check out how regular these elliott waves coincide w/ the fib time zones. If this keeps up wave 5 should terminate sometime in early March.Interesting thing here is by my wave count wave 1 is longer than wave 3... which means wave 5 has to be shorter than wave 3. I've overlaid wave 3 there to give a projection for wave 5... looking like a double bottom around that long green trendline
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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.