BTC Elliott Wave - ABC Correction in progress
This is my primary count - We had a leading diagonal A wave and are now in a complex WXY correction. The Y wave we are in currently looks to be forming a flat but could also turn into a triangle.
If we see support in the 7342 area, I will stay with this count and look for one more small move up to the top of the channel around 7670. I will short in that area to catch the Y wave move down.
If we DO NOT see support in the 7342 area, I will then look for support in the 7270 golden zone of this most recent move upward. That would be more indicative of a triangle formation.
Thanks for looking, and good luck in your trades!
If we see support in the 7342 area, I will stay with this count and look for one more small move up to the top of the channel around 7670. I will short in that area to catch the Y wave move down.
If we DO NOT see support in the 7342 area, I will then look for support in the 7270 golden zone of this most recent move upward. That would be more indicative of a triangle formation.
Thanks for looking, and good luck in your trades!
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