Bitcoin analysis with Elliott Wave guidelines.Here is a chart with some Elliott wave guideline i am seeing for the current bitcoin count. Does this mean this is THE count? No. But some of the studies and teaching of Elliott wave to offer some tendencies of the market, of which some are in play here.
Guidelines
Bitcoin ConfluenceConfluence at the blue boxes between numerous Elliot Wave multiples and supports; white boxes are 30%-50% of which wave it chooses. Exit at white box for safe trade; can let it keep going if risky. Likeliness of zones marked. When trading, use stop or stop/loss 3%-5% above if going short, below if going long. Would not recommend trailing stop. You can use each arrow as guidelines to direct you where the trend is likely to go/reverse.