Bitcoin Elliott Wave Update - Bearish count still valid
The bearish wave count that I've been posting about is still valid. We came close to invalidating it yesterday, but never quite got there. Prices hit a high of $4122.70 but never reached $4125.99.
It looks as though minuette wave (iv) is now complete and we're ready to start back to the downside. Looking at small degree waves, there were 5 waves down from the high last night.
If prices break $4125.99, this wave count will be invalidated.
So what do you think it will drop to and over what time period? What is your projections of correctness in the past percentage wise?
Based on the current preferred wave count, I'm anticipating a break below the $2972 if we don't get a truncated 5th wave. Based on the length of previous waves of the same degree, it should take place over a few days.
Thank you very much for the update.
You have been more then helpful although you're traveling.
Thanks!