My Prior BTCUSD post illustrated a completed Elliott wave - Horizontal Triangle.
Subsequently BTCUSD exceeded the top of the supposed Minor wave "E" Invalidating that wave count.
It now appears the Horizontal Triangle could still be under construction, the 06/15/21 high is probably Minor wave "C" with the most recent drop as Minor wave "D".
Also of interest the BTCUSD 06/15/21 peak corresponds with the SPX 06/15/21 all-time high. The BTCUSD bearish trend could be a prelude to action in US stocks.
Mark
Subsequently BTCUSD exceeded the top of the supposed Minor wave "E" Invalidating that wave count.
It now appears the Horizontal Triangle could still be under construction, the 06/15/21 high is probably Minor wave "C" with the most recent drop as Minor wave "D".
Also of interest the BTCUSD 06/15/21 peak corresponds with the SPX 06/15/21 all-time high. The BTCUSD bearish trend could be a prelude to action in US stocks.
Mark