Bitcoin & The Elliott Wave TheoryThis analysis considers time frames and market movements for Bitcoin from Nov 2013 until today.
It is the view of many that we are simply in a correction of a new Bull market that began in Dec 2018 however typically short term corrections to a strong bull market happen swiftly and end with a distinct turn around. Not what we are witnessing today.
I expect part C of the current correction to last a minimum of 9 months placing it somewhere in the vicinity of March-April-May 2020 before the start of the next bull market.
I am not a professional analysis, financial advisor, or investment counselor. This chart is for your consideration and represents what I see happening with Bitcoin, IMHO.
Lookingleft
USDCAD (60) Bullish Bat Completing Soon (Long)We have a bullish bat setting up with good support to build on. Previous structure which has been tested several times. Continuous higher highs and strong uptrend overall.
Entering at 1.32696 with targets marked on the chart.
Stop loss as mentioned below previous structure.