I have laid out the Distribution accumulation Zones just as the previous impulse move for BTC. I am expecting BTC to range here until it breaks out to the upside to complete the 5th portion of the Elliot Impulse. We are currently sitting in wave 4 just above major support if we break 52k this thing could get ugly fast and that would invalidate the Elliot Impulse into a ABC which should then result in a ABC to the downside. AKA a fake out. I think it is more likely we complete to wave 5 and then take another ABC in December and see 1 last Elliot impulse push of either a 5 wave impulse and or a ABC blow off top in Q1 of next year then begin our decent into the bear market.
