BTC Extended Correction based on Elliot Wave theory
I think EWs are subjective and changes with the current data constantly.
I've never thought the structure which begins on 6th February Dip and ends in 11.6k $ as a truncated 5th wave. I'd rather draw it as a truncated ABC Corrective waves.
Thinking of it as a bear market condition, an extended correction is inevitable.
I'm by no means an Technical Analyst but an enthusiast.
Target is below 5k.
I know it's vague.
I've never thought the structure which begins on 6th February Dip and ends in 11.6k $ as a truncated 5th wave. I'd rather draw it as a truncated ABC Corrective waves.
Thinking of it as a bear market condition, an extended correction is inevitable.
I'm by no means an Technical Analyst but an enthusiast.
Target is below 5k.
I know it's vague.
