Elliott Wave Correction Finished?

Aug 22, 2017

New to this site, constructive criticism welcome. Not an expert by any means. It appears the Elliott Wave correction has finished at point (C), as to what happens next I am not sure. If you look at the original trend line and the neckline of the H&S, it appears to create a parallel channel and that's where we are now. Point (C) seems to have found support at 61.8 fib level. The next resistance would be .5 fib level, which happens to be .01BTC. By 08/26/17, the main support will either be broken, resulting in a further slide, or the .5 fib will be broken and price will push through .01BTC.

Aug 22, 2017

Note

38.2 fib level is .01BTC, not .50. Toggling back and forth got me mixed up. The next resistance level would be at 38.2 fib, or .01BTC.