It is clear to see we have met the 1:1 target from this WXY wave but does not mean it is necessarily finished!
Also we have broken the much talked about 21 EMA (Top grey line) although the week has far from closed so this could easily be a wick down.
However, also much talked about are the descending triangle and symmetrical triangle which I have put targets for...
Was not going to post this chart again as took alot of flack last time for doing so, but it really does make the present day indecision really clear as summed up in this great video by Waves.618:-
This formation not been easy to foresee but now becoming a bit clearer with this smaller ABCDE Elliott Wave triangle having broken(broken yellow lines).
Targets as per chart but $8500 seems most likely short term!
This excellent video may reveal how we got there:-
A simple reason to see why bitcoin is so conflicted at the moment when you analyze the lower lows and higher highs(yellow circles) in which the former I think has touched twice and the latter three times. So the the question being will we make another higher high or drop back down to break lower dotted white line which has touched at least six times in orange circles?
Either we break today or we travel along to Apex for another couple of days?
Targets using Fibonacci Extension and Elliott Wave abc 1 ~ 1 or 1.236 to maybe take us up to the upper/lower diagonals of the larger Triangle.
Anybody who thinks this count is easy by all accounts is a master..... which takes me out !
Hidden within is a possible inverse head and shoulders but not confirmed with a strong break above $10980 to confirm.
21 EMA = white line
233 EMA = purple line
If this is a triangle pattern then (2) will...