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Elliotwaveonbitcoin

CME Gaps and BTC Correction?!!!There are two new CME gaps and BTC appears to be finishing the fifth impulse wave before an ABC correction. This makes sense since the correction would fill both CME gaps (BTC like to fill CME gaps pretty quickly after they are made before taking off again). If there is a strong rejection around were we are now I will consider an ABC correction is in play at which point, if it is validated, BTFD! Thanks friends, and before you go please smash the like and follow if you are not already doing so. NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISER. I CAN BE A FREAKING MONKEY AT A ZOO THAT LEARNED HOW TO TYPE FOR ALL YOU KNOW, LOL. SO DON'T FORGET, ALWAYS, ALWAYS, ALWAYS DO YOUR OWN RESEARCH!
CME:BTC1!
by UnknownUnicorn2239932
Near the buy zoneI drew a line in red, it is important because it connects the ending point of wave 1 and wave 3 and respectively there is green line parallel to red line but from ending point of wave 2 These lines are drawn professionally and are not simple channeling lines. So draw it for your self it is going to be a significant line in the future. Back to elliott, i think we are in a complex corrective wave and i should ask, where is the best place for this kind of corrections ? The answer is wave 4 I did a lot of time in chart and i realized that this is most correct way to count. And i think we are not yet completed the 5 wave pattern and we are in wave 4. So i think there is two options now. 1-we are forming a triangle 2-we are forming a complex WXY or WXYXZ But also there is a chance to form more complex forms of correction or starting a new motive wave toward the downside but right now i dont see anything like that so i leave it there for more price action to have, to give a thought Have fun Stay tuned
Long
by farzinsabbagh