-I think this chart is a perfect demonstration of EW theory. I see 5 main waves (marked in blue), with the 5th pending completion.
Apart of those waves, I see waves 1 3 5 having 5 sub-waves inside. On the retracements waves 2 4, I am seeing a ABC correction.
-With that being said, I do believe that if the prior resistance at 11745 satoshis, can potentially act as support and send us up to my final target at the 1.618 fib level.
-Last note, I am not a fan of how my Wave 3 subwaves look... but other than that, I think my count is solid.
Apart of those waves, I see waves 1 3 5 having 5 sub-waves inside. On the retracements waves 2 4, I am seeing a ABC correction.
-With that being said, I do believe that if the prior resistance at 11745 satoshis, can potentially act as support and send us up to my final target at the 1.618 fib level.
-Last note, I am not a fan of how my Wave 3 subwaves look... but other than that, I think my count is solid.