EARLY ANALYSIS
Looking at current chart as ABC correction from a downtrend. ABC becomes W1 in new Elliott Wave. Expect W2 to bounce off long-term trend line around 60,000. W3 breaks through Resistance at 70,000, W5 challenges all-time high at 80,000, correcting to the long-term trend line before next move.
Looking at current chart as ABC correction from a downtrend. ABC becomes W1 in new Elliott Wave. Expect W2 to bounce off long-term trend line around 60,000. W3 breaks through Resistance at 70,000, W5 challenges all-time high at 80,000, correcting to the long-term trend line before next move.