Bitcoin Elliott Wave Update - Will the rally continue?steemCreated with Sketch.

in #bitcoin • 7 years ago

Screen Shot 2017-10-22 at 11.33.04 AM.png

There are a few minor updates to the wave count with this update. The retracement yesterday overlapped minute wave [i] which means that the retracement must not have been minute wave [iv]. Given that, it appears that the retracement yesterday was actually minuette wave (ii). If this is correct, that means we're now working minuette wave (iii) of minute wave [iii] of minor wave 5 of intermediate wave (3).

Targets for minor wave 5 have not changed. I'm still anticipating it will terminate around the $7100-7250 level.

If you have any thoughts or questions about this wave count or elliott wave in general, please post them in the comments.

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#btcusd #trading #elliott-wave #cryptocurrency
7 years ago in #bitcoin by
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