This guy's counts don't follow the rules of Elliott wave. Within a 3rd impulse wave you should be able to count 5 sub-waves--with the 3rd being the largest. These sub-waves are fractals. Flags are not Elliott fractals.
The sub-waves of this apparent 3rd wave do not appear to be forming 5 waves within the higher degree 3rd. The count already looks invalid.
BTC is following a reversion to the mean down to 8,500-9,000 to hit the 150EMA.
Larger chart here: https://www.tradingview.com/x/WMJAkpWR/
GLTA
RE: BTC_Morning Update: What are Fractals?