DennisLeeBTC

Bitcoin correciton possibly over (Elliott Wave Count)

BITTREX:BTCUSDT   Bitcoin / Tether
I've been saying for a couple weeks now that a triangle correction is likely what we're seeing here and that seems to be the case according to this count. The alternative is that D, and E are actually a very weak wave 1, but the magnitude of this correction being wave 4 of 5 of 5 seems to warrant something as large and complicated as this. Also the triangle 4 correction is something we see quite often in crypto after a strong upward move like the multi-month wave 3 we just had. If we can break the upper trendline to the upside then I think we can all breath a little easier.
Made a mistake on the drawing of the correction from the impulse wave at the end of the triangle. Should look more like this:

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