Correct me if i'm wrong, i'm still learning elliot waves and would like to learn more. So feedback is appreciated.
I believe the abcde correction on btc -1.07% is almost over. If this happens we will probably see it bounce back.
The head and shoulder formations shown by the pink lines all point towards the same bottom line. Around 10179,-
This is also where the bullish descending wedge ends. Once it hits the 10000 mark it should climb back up and continue with an impulse wave. If it breaks below the 10000 line than i believe it will drop to its next support around 8000.
Please correct me if i'm making big mistakes here, i'm not a pro.
I believe the abcde correction on btc -1.07% is almost over. If this happens we will probably see it bounce back.
The head and shoulder formations shown by the pink lines all point towards the same bottom line. Around 10179,-
This is also where the bullish descending wedge ends. Once it hits the 10000 mark it should climb back up and continue with an impulse wave. If it breaks below the 10000 line than i believe it will drop to its next support around 8000.
Please correct me if i'm making big mistakes here, i'm not a pro.