RE: BTC - Correction in progress - Little consolidation - New triangle
i posted this 5 hours ago ,
and we are not near any major correction now ,
stay the course till wave 5 is almost complete and jump ship!
As we approach the OCT 25 hard-fork we will get a new ATH in BTC and
5 of 3 will be complete..
then a,b,c, correction for wave 4
Wave 5 of V begins and it will a parabolic push as we approach the second hard-fork for Segwit2X
and also the end of the BTC BUBBLE .
What we could see after the second hardfork is the end or a massive/enormous correction for BTC and
the beginning of a new 5 wave cycle for possible new bitcoin Segwit2x ...
currently 85% of miners are supporting B2X,
15% are supporting BTC , if it remains this way btc will not survive
This could be the beginning of the end for BTC
and the begining of a new BITCOIN .
only major correction is when wave 3 of 5 is complete , look above .
Hello. Thank you for your analysis.
I'm not using elliott waves so I cannot comment your TA but yes everything is possible in trading. For me, my opinion is that we didn't correct enough to be able to break the long term resistance line in orange on my chart.
But yeah it happens that I'm wrong ;)
I wish you massive profits.