BTC - 1D Elliott Wave Analysis

Greetings, here is an update on my 1D Elliott Wave count for BTC.

It seems as we have topped in blue Wave 3 at around 108k USD and are working on the correction towards the blue Wave 4 support in and ABC.

The blue Wave 4 support lies between the 0.236 FIB at 90942 USD and the 0.618 FIB at 68476 USD. The red Wave B could be in but it seems we are still working on it.

After we finish the blue Wave 4 we are going to look for a rally in blue Wave 5 which could be the bull market top. Targets for blue Wave 5 are the 1.236 FIB at 115949 USD, the 1.38 FIB at 128222 USD and the 1.618 FIB at 151421 USD. After we finished blue Wave 4 we can calculate further targets for the blue Wave 4. We also think that the 1.236 FIB at 115949 USD target would be rather shallow for a bull market top and it unlikely but not impossible.

Thanks for reading.

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