My attempt at understanding why Bitcoin is going down with Elliot waves

in bitcoin •  7 years ago 

So what I thought was a bullish triangle a few days ago has turned into an extended flat (3,3,5).

Has it reach it's bottom or is there one more correction wave to go?

Fundamentals say BCH has affected it.

So new to Elliot Wave but it is fun to draw. Thanks @haejin for the inspiration.

It's messy I know!
download (1).png

bitcoin cryptocurrency blockchain money btc
7 years ago by

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      ·  7 years ago 

    still relatively new to TA as well i don't know much about Eliot waves but looking forward to learning more.

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