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Bitcoin - Elliot Wave count update

200
Hey all, here's the update on the previous post I made a few weeks ago.

Prices bounced and found support on the technical objective of major Wave A, at 16,540$.

The current situation suggest a relief rally with a first medium term target at 28,300$.

We are now in a major Wave B, a corrective wave built in three minor waves. The top of this corrective wave can be around 39,500$ according to Fibonacci targets. (see chart with three minor waves A,B,C.)

Invalidation of the count will be by a break of the previous bottom, at 16,540$.

See you in a few weeks to update the evolution

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