BITCOIN BOTTOM IS NEAR, IF NOT ALREADYsteemCreated with Sketch.

in bitcoin •  7 years ago 

SUMMARY
Bitcoin's a,b,c (red) correction could be over very soon, if not alrready. This analysis provides Elliott Wave counts of the current final c (red) wave and discusses probable bottoming time frame.

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Legal Mumbo Jumbo: 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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This count is already proven to be wrong. But what else could it be?
A wave A? I am kinda expecting a B next.

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This is pretty great really you did very well job.

I agree here, we'll need to see an impulse wave up...but my gut is telling me we're going to see one more drop on BTC. Same pattern has formed on the 1 hour chart on Bittrex for the past 48 hours, and every time it has reached this point it has fell again dramatically. Might be fighting some bearish sentiment to finally get things turned around this time. Either way, ladders are set! As always, thank you for sharing your analysis.

Hey, Haejin, shouldn't the bottom hypotenuse starting point be lower, closer to 2950? instead of it being drawn up near 3200? And if it's at 2950, wouldn't that make the price currently already be out of the ascending triangle?