Bitcoin (BTC) Evening Update: ABC ZigZag (5,35)

SUMMARY

The correction is more clearly taking the ABC pathway as shown in below chart. The blue circle represents a cluster of support that should represent a god C wave spot. Remember, corrections are healthy.

When defining the ZigZag subwaves, the A has five, B has 3 and C has five. Note the white five waves for red A, the three abc for red B and the projected five wave down for C.

Ethereum (ETH) is also continuing it's trek towards completing the red C wave of the ABC correction. For now, I have it at the 0.618 Fib zone for the C wave target; however, it could be the 0.5.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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