SUMMARY
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Bitcoin (BTC) overnight price action has pinned a lower low and is closer to the 0.78 Fib level. The below chart shows an updated Elliott Wave count of the what should be the last remaining subwaves of red wave C of the ABC correction. The purple lines show a small bear flag that got confirmed by price going below the lower line. If the white wave 3 is in progress, we could see a decline towards teh $6,800 or so zone. Remember, awareness keeps the panic away! More details in the video!
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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