Bitcoin Elliott Wave Update - Will the rally continue?

in #bitcoin7 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.

If you find this information insightful, please UPVOTE, RESTEEM, FOLLOW and consider a donation:
Donate ETH: 0x4f007Ca89120bFae6413987DF59b18403f181e9E

I am not a financial advisor. Be sure to do your own research.