My Next Elliot Wave Trade Setup for BTC

16 Eki 2023

The move down is a clear five-wave impulse in my opinion and then the three-wave move up looks like the first leg, wave W, of a double zig-zag correction. I will wait for the impulse wave A to complete, and then for the corrective wave B before going long for wave C of the second corrective leg up i.e. wave Y. Once the double zig-zag is complete, I'll look for a big short position for a second impulse move down that'll be the partner leg of the first impulse down.