My Primary Elliott wave count for this correction for BTC has been a Sideways Double Combo (WXY). Do not confused this with a Sharp Double Zigzag (also WXY). Two different beasts.
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Here is my original macro post about the Sideways Double Combo idea.
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By the way, Elliott people might notice the yellow intermediate (2) (B) (X). Why?We can't be sure if BTC since the bottom has been putting in an impulse or a huge corrective structure, with another bear market down starting a few months from now. So, I keep both counts to remind myself.
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I really like this count by PK_SEND_IT so adding it here for you to look at. He has another BTC chart as well, with same idea as mine above. We are both members of TradeDevils, so we know each other.He is a CEWA level 3 so definitely watch his charts.
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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.