Friday, August 30, 2019

Bitcoin BTCUSD Completes 5-3 Cycle

The Elliott wave structure showed that the decline from $10, 955 to $9,755 was impulsive. It was labeled 1-2-3-4-5 and was followed by a W-X-Y Double Zigzag correction. Taken together, the impulse and the correction formed a complete 5-3 wave cycle pointing downwards.


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