sebastacio

BTC Elliott Big ABC DONE, What now?

BITSTAMP:BTCUSD   비트코인
Just sharing


we can see that wave C already has 5 waves in it
but maybe wave V of 5 of C it's ocurring now to build a final push downside

But, does this mean that correction is over??
Noone knows only time will tell
On the past btc has taking much, much longer to finish correction, so i don't think is over (but that's just an opinion)

After C its complete we might see uptrend, or flatness, nothing of this tell me the correction is over, because it might be building a complex corrrection (WXY, like the white dashed wave on chart), so this big ABC that is already done would just be wave W, and we should see next the X wave (with 3 waves in it, blue dashed wave), after that wave Y, so more correction on the way.

BUT, if the wave that it's coming has 5 waves in it (like the yellow dotted wave in chart), then it would be a sign that correction is over, and we could look for on uptrend.


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