I have used Elliott Waves and Support & Resistance lines to come to the likely possibility that in a larger degree of trend, Bitcoin is undergoing an ABC three-wave correction. if this turns out to be true, the final C wave could possibility in play and we all know, the best time to buy is at the bottom of an ABC correction. Only time will tell. For educational...
I have spotted a ZigZag (5,3,5) occurring in Litecoin (LTC). Currently, we have completed the A and the B leaving the final C wave down. The A and C waves of a zig-zag correction have five sub-waves. If you zoom out and have a look at the bigger picture, you'll notice something very interesting. Litecoin (as well as Bitcoin) are about to begin wave three of a...
I have used Elliott Wave counts to come to a conclusion that Bitcoin is probably undergoing an A-B-C-D-E correction for a larger degree Wave 2. Currently, I believe we may have begun the E wave down to the predicted $2 - $4k levels. I think we are in the process of a Zig Zag (5-3-5) down for the E wave and at the moment and if this is correct, we are completing...
This is my first public post on technical analysis, I would still consider myself a beginner to Elliott Waves. Any feedback would be appreciated. :)