SUMMARY
Note: I'm traveling so updates will be brief and no videos until evening. The key to look for would be five waves down for wave C as shown by the blue Elliott Waves.
The correction for wave 4 is likely still in progress. The only difference is that the waves have shifted to the right as time as elapsed.
The alternate count could be that an ascending right triangle could be in progress. The horiztona purple lines outline this pattern. IF this is the direction Bitcoin decides to take, then waves abcd are comlete and that leave one more wave down e remaining. Interesting to see volume confirm with a steady decline.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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