Bitcoin, Elliott & Wyckoff

This is not Bullish or Bearish - make of it what you want.

Just putting some info out there that I find interesting.

Just a thought; weekly 3, 4 and 5.

Makes for a monthly 3...

So what if?

Volume supports such a move.

Giving a nice little schematic structure;

With a weekly wave count;

And that makes the monthly look like a 3 is not fully formed;

If Weis is correct - then low volume shows an A & B

Meaning it needs a C

Explained this type of setup back in May;

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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The roadmap was drawn in March - it's still respecting, it's just a question of it we had the monthly 3 and this is an expanded flat or if it was only weekly 3-4 as per original idea.

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click the image above to go to the post or the image below for the rocket post - play the idea to current time and you will see the logic.

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