Bitcoin knock, knock knockin' on heaven's door

9 thg 8, 2019

In Elliott wave terms Bitcoin has completed primary wave 1 up and now looks like it is ending the wave 2 correction. Price is knocking up against the primary wave 2 trend channel and working toward completion of the first impulse of the coming primary wave 3. I'm 60% in favor of this interpretation with the other 40% being that primary wave 2 is not yet complete. A significant break up through the primary 2 trend channel will add confidence.