SUMMARY
This video was made very instructive and didactive, please consider viewing it.
The chart below shows that Bitcoin (BTC) has been carving out an a,b,c correction. A FLAT correction, to be specific. This flat consists of 3,3,5 subwaves. As drawn out, the 3,3,5 subwaves are labeled onto the prices. The video has tons more details.
The below chart shows the an impulse towards $23,000 but this impulse must obey three rules: First, wave 2 can't be equal to or below the start of wave 1. Second, wave 4 can't overlap with the top of wave 1. Three, wave three can't be the shortest amongst 1,3,5 waves. It doesn't say the it has to be the longest; thought, it often is the extended one. For cryptos, the fifth wave is the extended wave on a daily scale. These three rules need to be memorized and practiced.
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**