BTC: ABC Correction Wave?

Dec 15, 2018

Originally I thought we might reach the support of the falling wedge again and that we would fall below $3000 some time soon, but this possible inverse head & shoulder and the fact that it has take so long to do so has changed my mind. Seeing as the 1-2-3-4-5 Elliot Wave has likely finished, we are due for an A-B-C corrective pattern. The inverse head & shoulders and falling wedge would set up a perfect target for the A and, consequently, the B and C. We will likely get the answer soon when the price reacts to the resistance of the falling wedge. Even if the reaction is negative and the price heads to the support of the falling wedge, the same play could still be intact.