SUMMARY
Bitcoin (BTC) overnight price action added the purple b wave of the correction. Blue wave (1) down of the purple c wave has started and soon wave (2) is expected to start. The form and fit of this correction is beautiful and would make any Elliotician smile with admiration. Video has more details.
The purple Wave (a) subwaves also form and fit very nicely. The red a,b,c are the subwaves of purple wave (a) and the purple wave (b) is a very nice three waver. Vintage zig zag correction!
Please review these Tutorials on Laddering! and Buy/Sell Setups!. These books: Elliott Wave Priniciple & Technical Analysis of Stock Trends arehighly recommended!
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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.**