Seeing as today is a dump day for BTC -7.03% , its possible we are seeing a bullish Gartley pattern with possible Wolfe Wave Hoping to enter around $8700+ and take profit between $11600-13500+ Posting this because of noticing the rapid decline and suspecting we are no longer in an Elliott wave pattern Short term bearish , long term bullish but this is one of many estimates. Just a trader who is learning and posting to share idea's and possibly learn more.
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Target Entry 1 hit Hoping we slide further into Target Entry 2
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If we do reach the $8700 entry and the $13500 target profit then it is possible a bullish Wolfe wave will play out to reach target profit
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So we reached the first Target Entry of $9400 and stopped at 50% retracement at 9k. Its possible we are still going lower and that the $8700 target entry was set too high. Looking at the Gartley Pattern I set I didnt have it retrace low enough. New target entry is estimated at $8400 if lucky
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Correction.... keeping with the original shape and $8700 Target Entry I thought I had the original numbers off to fit a Gartley pattern but noticed just now it was correct