BitcoinUpdated BTC is looking for a deeper correction
Elliot impulse looks complete time for ABC correction. I will start first block at 200MA , .618 level and .786 level.
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Note
Wave 2 never retraces more than 100% of wave 1.Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
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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.