Even though we made another slight low since my last post, it's still within context of the Large Triangle pattern I've been posting over the last few weeks. As long as we continue up from here we should be good. The thing I like about Elliott Wave is that it tells you whether we are in a corrective mode or Impulsive mode. This last low showed me it was a complex WXYZ correction and that a higher high is a high probability.
And it fits within a Triangle which is comprised of a complex set of ups and downs. I also like this type of price action because it shows me interest. Large players are slowly accumulating BTC on every little step down until all sellers are washed out. Then we should see some strength in the next few weeks as long as there are no black swan FUD events
I'll post the larger picture right after this close up
Hope you all are well
And it fits within a Triangle which is comprised of a complex set of ups and downs. I also like this type of price action because it shows me interest. Large players are slowly accumulating BTC on every little step down until all sellers are washed out. Then we should see some strength in the next few weeks as long as there are no black swan FUD events
I'll post the larger picture right after this close up
Hope you all are well