BTCUSD medium-term EW possibility: Bitcoin ABC correction on 4h
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One possible Elliot Wave pathway with Fibonacci based Target zones.
So far we have all of the pieces of an ABC correction to the dump.
Three possible targets for wave C with the middle one most likely.
.
Background:
This is a continuation of my calculations to find the 'bottom' and then measure each step of the bounce.
As the dump was happening, I saw bigger picture of a 4 wave impulse that started with the 7400 drop:
When it bounced, 4425 came into focus as the big hurdle as a top:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a new top and new bottom came into sight:
After bottming at 3600 target and bouncing hard, I expected another leg up but got stuck in consolidation:
So now waiting for consolidation to break and hopefully finish the next leg up with current plan:
So far we have all of the pieces of an ABC correction to the dump.
Three possible targets for wave C with the middle one most likely.
.
Background:
This is a continuation of my calculations to find the 'bottom' and then measure each step of the bounce.
As the dump was happening, I saw bigger picture of a 4 wave impulse that started with the 7400 drop:
When it bounced, 4425 came into focus as the big hurdle as a top:
Zooming back out to the original large 5 wave impulse, targets were in sight again:
Then we had a strong bounce with perfect 12345, which I expected to top at 3800-3900
As the bounce progressed, a new top and new bottom came into sight:
After bottming at 3600 target and bouncing hard, I expected another leg up but got stuck in consolidation:
So now waiting for consolidation to break and hopefully finish the next leg up with current plan:
註釋
Plan still plausible 
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