BTC SHORT TO $24- $26K

2022年1月22日

BTC going on an A-B-C correction which is very common after a good 5 wave impulse

Blue 5 wave Elliot wave from 2017 to 2021
ABC corrective wave in RED
Wave C is an irregular correction(Wave B ended above start of wave A) and is of 5 wave series in PURPLE

Wave C has two more waves to go sub wave (4) and sub wave (5)

I believe there will be a more complex sub wave 4 in bigger Wave(C) which might go up temporarily to 40K before the final sub wave 5 ends around 26K

1) significance of 26K is it's Fib 61.8% at its all time high of 68K
2) Wave C extension of Wave(A) falls around 24K

So thae 24-26K zone is a great one to watch