Nice elliot. But why do the volumes not matter on (3) ? Volumes create momentum for a Elliot Correction (ABC) like the ABC-Wave and volume on 2017-09-15 imho. Explain why (4) the sellers are going to dominate: correction elliot ABC (bulls win) versus the impulse wave 4. People should not apply any wave for the sake it. We need confirmations from other indicators as much as possible, as many as possible.
ChartCrypto
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you should read Hodler's Handbook...
lulan98
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I shared my analysis here: dai.ly/x6eldln. Don't be foolish to think that the bitcoin would hit 20k or even 1 billion dollars.
RickyParker
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Go to sleep
Oscarthedog
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Agree, @TanayUK . We're going down, but it's funny. Every time I check BTC price, it seems to be at 8500....this last phase is excruciatingly slow. lol
Jhawkfootball06
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This doesn't make sense. Firstly, Elliott Waves follow a 5-3-5. We are in correction phase which implies an A-B-C. There are 5 (1-2-3-4-5) sub-waves in correction phase A and correction phase C.
This count implies that we are still seeing correction phase A. Which means we will see an A-B-C up after your wave 5 and then followed by another 1-2-3-4-5 down which has to go much lower than your initial 5.
Jhawkfootball06
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@Jhawkfootball06, You cannot just draw 5 waves and say "Elliott (two t's btw) wave count agrees" without understanding where and how to use them.
Oscarthedog
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@Jhawkfootball06, That is correct. First correction phase isn't over yet. Some take years to complete.