This is one of my alternate counts with BTC currently, as previously stated in my blog a few days ago, my primary count is that BTC is soon to complete a descending triangle which could see price move to around the $5,000 range, with volume dissipating BTC has been more stable than tether in recent days HAHA.
Humour aside, my alternate count is as follows, below i have labelled how i can see the WXYXZ correction playing out, this would be an amazing Elliot wave triple combo correction if it falls as shown.
Now i will label the ABC's of the WXYXZ correction, if this correction is to come to fruition it could mean the bottom for BTC could still be in, thats if it isnt in already....
Do you agree with my alternate count? Has BTC already bottomed out and is soon due for a rally? Let me know your thoughts on where you see BTC heading into 2019! Upvotes and follows are appreciated greatly.
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Disclaimer: I am not a financial advisor and any of my content should not be taken as financial advice. The information and content provided is purely my own thoughts and intended for informational and entertainment purposes only. This is not investment advice. If you want to invest you should consider consulting with a professional beforehand.