As per the total analysis - seems to have been more accurate on elliot as we did a truncated wave 5 on the leading diagonal on BTC , however it was a text book wave 5 on the Total which would have been a glorious exit.
Currently we wicked into .786 support to end the wave 2 correction with a very strong rejection from this zone. We may wick again to this area followed by next leg up for wave 3. Moving forward - my elliot wave account will be only on the total - due to its accuracy rather than BTC.
Away from the noise and the news - it is proven that if you ignore the noise and the market sentiment and focus on the data on the chart - the result is always favorable.
Also - if you look at the volume profile - its clear where there is accumulation and where the POC is. This is bitstamp chart data - so its not stained with Binance's trade free volume frenzy..
Currently we wicked into .786 support to end the wave 2 correction with a very strong rejection from this zone. We may wick again to this area followed by next leg up for wave 3. Moving forward - my elliot wave account will be only on the total - due to its accuracy rather than BTC.
Away from the noise and the news - it is proven that if you ignore the noise and the market sentiment and focus on the data on the chart - the result is always favorable.
