Bitcoin Elliott wave count 1H
If the correction WXY (black bubbles) is over than we may start to push higher.
We may have an wave 1 started from 25364.8 and ended at 27394.4 to start an impulse to the upside.
Price bounced on 0.618 fib retracement of this wave 1 and probably completed wave 2 at 23119.5.
If this count is correct we may see for move to the upside if the price break above 26968.0 level.
Also a break below 26119.5 level may change this wave 1 count into an X wave (ALT scenario) and send the price into a deeper correction.
Good luck!
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We may have an wave 1 started from 25364.8 and ended at 27394.4 to start an impulse to the upside.
Price bounced on 0.618 fib retracement of this wave 1 and probably completed wave 2 at 23119.5.
If this count is correct we may see for move to the upside if the price break above 26968.0 level.
Also a break below 26119.5 level may change this wave 1 count into an X wave (ALT scenario) and send the price into a deeper correction.
Good luck!
Hit the like button and subscribe for future updates if you like my analysis.
Comment:
correction may be deeper with wave 2 at 0.854 fib retracement
Comment:
Expecting a triangle in wave B from the wave 2, ABC correction. Possible target 0.786 fib retracement as we already bounced 0.618.
