BTC Elliott Wave countBitcoin Elliot Wave count update
It s a little bit tricky here with Bitcoin, so I have have 2 scenarios for it!!
1st scenario is the blue count of the 5th wave to the downside, with Y wave of the 4th wave corrective pattern to the upside ended into the blue box. If this count is the correct one than we must see further move to the downside after a 4th wave corrective move to the upside that can start soon.
2nd scenario is the red count of the 5th wave to the downside, with Y wave of the 4th wave corrective pattern to the upside ended into the red box. If this count is the correct one than bitcoin already finished the 5th wave to the downside. keep in mind this!!
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LINK/USD Elliot Wave countUpdated the Chainlink count
WXY correction pattern for a 4th wave and now we are into the 5th wave to the downside
I think is already finished 3rd subwave of the 5th wave.
I am expecting a 4th subwave corrective move to .the upside and than last 5th subwave and I think we will see soon the bottom.
Also this days I caught good trades on this move to the downside, hope you too!
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BTC Elliott Wave countBitcoin Elliott Wave count update
Still into the 4th wave, WXY correction pattern.
Also I think 4th wave will correct into 0.5 fib retracement of 3rd wave, somewhere at 34200
Changed a little bit things into Y wave. We have a Y wave formed by a zigzag pattern ABC, where B wave is a barrier triangle. (also this triangle can be a X wave if it is an y wave a complex pattern WXY but does not matter)
Also we have a barrier triangle wave B from triangle`s zigzag wave D
On the long term I am still bearish on BTC
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$GO ~ Completing wave 5 as shown...Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of March 1, 2022, it had approximately 410 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey. The company was founded in 1946 and is headquartered in Emeryville, California.