Bullish Bitcoin Elliott Wave Count: Valid Count, But Improbable – Here's Why
This is a bullish alt Elliott Wave count that I am now seeing go around. Even I have considered this potential count
From an anticipatory standpoint per EW, it makes sense as a 1-2/1-2 setup and Running Flat correction
However, this would imply an impulsive wave (3) is next
Wave (3) is the longest and strongest in an impulse wave – it must exceed ~600% of wave (1)
That would mean that Bitcoin would need to go to over $550,000 during wave (3) to exceed the price movement of wave (1)
I struggle to see how this happens within the next couple of years
Possible, but an improbable count for that one reason
