I went and outlined what I think are two possible Elliot wave counts for BTC.
Both counts do have similar price targets, but I think thats more a result of having the same preceding count. So my thinking throughout analysis is that bull market was from April-December 2017, and we've been experiencing correction from January-February 2018.
The sake of acknowledging the possible two counts are related more so to 4, 2 and 1 hour charts, as you can use the information to play shorts. For long however, I believe mid March is when we begin to hit our second wave in our primary impulse.
Both counts do have similar price targets, but I think thats more a result of having the same preceding count. So my thinking throughout analysis is that bull market was from April-December 2017, and we've been experiencing correction from January-February 2018.
The sake of acknowledging the possible two counts are related more so to 4, 2 and 1 hour charts, as you can use the information to play shorts. For long however, I believe mid March is when we begin to hit our second wave in our primary impulse.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.