BTC USD - Elliot Wave 2 not played out yet
2025-01-20
Category: None

I'm not sure.

Gartley Harmonic on BTC/USD played out nicely. Wave 1 to Wave 2 looks legitimate, but i'm not sure if its played out yet (AKA Bull trap). For wave 3 to be legitimate, it should go above the start of Wave 1? Based on the bearish Gartley, unless price exceeds the end of Wave 1 (the last high), I'm taking it that Wave 2 is incomplete.

See what happens. Watching Pepe at the same time, for Pepe I thought that Wave 5 was a truncation. Separate thread.  My point is that it coinsides with Pepe, validating that it was not a truncation but rather the normal Wave 5 taking place. 

Sentiment. Correction incoming. BUT.. if were still in a Wave 2 .. KNOW THAT WAVE 3 is the largest. And defiantly the wave you want to ride : ) Its just about catching it! 

:) 