Bitcoin Elliott wave count 1H
Bitcoin going up with an impulse?
Probably as we have 4th waves (red count) now but is this impulse something to build more upside move or we have the end of an extended flat correction(blue count)?!
I am expecting price to reach 29000 zone with the 5th wave and than probably will do a correction.
If the price will keep 27500 level (red line) from there it must start a bigger 3rd wave to the upside.
If the price will go below 27500 we may have the start of the Y wave to the downside that I talked in my previous count! (see the related idea)
4th wave (red count) at this moment corrected enough as price hit 0.382-0.5 fib retracement.
If price will go below 0.5 fib retracement level than this upside impulse count is wrong!!!
Good luck!
Probably as we have 4th waves (red count) now but is this impulse something to build more upside move or we have the end of an extended flat correction(blue count)?!
I am expecting price to reach 29000 zone with the 5th wave and than probably will do a correction.
If the price will keep 27500 level (red line) from there it must start a bigger 3rd wave to the upside.
If the price will go below 27500 we may have the start of the Y wave to the downside that I talked in my previous count! (see the related idea)
4th wave (red count) at this moment corrected enough as price hit 0.382-0.5 fib retracement.
If price will go below 0.5 fib retracement level than this upside impulse count is wrong!!!
Good luck!
