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RE: Lesson 20 - Advanced Elliot Wave WXY With Feb 11 Technical Analysis

in #bitcoin7 years ago

thanks for this very detailed tutorial/analysis. i think this is a decent alternate bullish count but not my main account. reason being, the first ABC correction is "too quick", and i don't think that the first "X" is an intended impulse wave at all (therefore not a -failed- impulse).

i don't think that the wave we are currently in is an impulse wave up either. if we are, it's a very weak attempt to do so. with that said, i think unless we somehow get to 9.4-9.5k and hold it would i consider this a real impulse up (there's a lot of support/resistance at those levels).