feeench

BTCUSD - Elliot Analysis - Potential Bull Run Targets

BITSTAMP:BTCUSD   Bitcoin / Dolar
We may not be done yet....

Overall I feel more bearish than not but BTC             has managed to impress me time and time again.

Linked is the Subwave 5 Analysis which played out nicely. You can see Elliot Channel interaction there, and we practically hit the third target! Crazy!

What has more power? The Subwave, or the Larger Wave it lives inside? I am not sure.
dont u think the correction should touch the support line??
+1 Balas
feeench Akitadunk
@Akitadunk, Look to Subwave Analysis for reasons as to why we had that correction.

I thought the same thing as you at one point...

We will eventually break the bottom of the channel for a large A-B-C correction. If our last small correction was to bounce off the bottom of the channel, the Elliott Waves drawn would be invalid.
Balas
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