Bitcoin Zig-Zag Elliott Wave Count and Cyclical Timing: Bearish Wave Count
This is more of a reminder about this chart and the potential around it. I will provide a bullish alternative count after this. I am going to share the bear count on X, but the bullish count is exclusive here. I talked about the bearish version on Market Talk, so I want to share it so the other analysts on the panel can critique the work
We know that we aren't in an expanded flat anymore. That is ruled out. So this is the most likely bearish count
This is specifically counted out to follow the overall cyclical rhythm. This method has been extremely effective for me for several years now
As you can see, price is still following it well. If it continues to do so, this is the best "look" and fit per Elliott Wave Principle
I did study on X waves, and these are the target highs:
38.2% $85,212
50% $93,000
61.8% $100,788
