See confirmation of previous analysis post. bearish overall, breaking below descending triangle. Further details if you reach out. C2+T3, now recruiting.
168.76 is strong resistance. Break above that, next resistance is 174.87. Above that is 182.84 160.07 is support Break below that, 156.95 See trend line for next support Next hard support is 150.53 Next is 139.8 Then 130 Catalyst: Apple Event Predicting break below 150 by May 16th, falling through support levels. Prediction invalidated if we make new ATH C2+T3,...
Most Elliott Wave counts for Bitcoin are oversimplified or incomplete, failing to identify nested waves of different degrees. Here I propose a double zig-zag correction for a potential Cycle 2 bottom. The recent drop in price has made BTC retrace nearly 88% of the all time high at 1165 in November 2013. I am marking the high at 1165 as the top of Cycle 1 (also...