#Bitcoin Elliott Wave Update - Primary Count.
Sentiment is screaming wave 2, but at which wave degree? This is the most likely scenario in my opinion. An extended 5th wave that kicks off with a sharp 2.
It's still unclear if the move down is complete, and on a low time frame it is difficult to find satisfying counts to that effect. However, in the current wave 2 count, x and y could take any corrective form, including both new lows or just grinding sideways out.
Sentiment is screaming wave 2, but at which wave degree? This is the most likely scenario in my opinion. An extended 5th wave that kicks off with a sharp 2.
It's still unclear if the move down is complete, and on a low time frame it is difficult to find satisfying counts to that effect. However, in the current wave 2 count, x and y could take any corrective form, including both new lows or just grinding sideways out.