# Interesting observation today. That is the beauty of Elliott Wave Theory...
### There are some setups, which have an incredibly high probability of happening, and there are also some counts that are just invalid/impossible.
### Here is the important part of this chart:
![Bat4PX6S1.png](https://cdn.steemitimages.com/DQmaZmBR8iwmHTbhi1TW5Nut8TYhqXBLhtf9nzufR1Q5TSB/Bat4PX6S1.png)
### This is very very likely a wxy pattern (blue). It doesn't get much clearer than this one.
![Bat4PX6S.png](https://cdn.steemitimages.com/DQmSrnyXCGmtXPSTeR5xiahVZCKGTAKAZumUVoqT9kbm7Zd/Bat4PX6S.png)

### If this is correctly identified as blue wxy, there is a very high chance that BTC has bottomed. The only problem is, that blue wave y happened within just 3 minutes... so you can't see any subdivision. Why is this bad? Well, without any subdivision, I cannot eliminate the possibility, that this move was 5 waves where I see only 3 waves.
### If there were subwaves visible, I could say with 99% certainty that this is wxy, but like this I cannot say that.
### But it is still likely wxy, so I am expecting BTC to move towards 5200$ within the next few months. First slowly, but suddenly picking up momentum.

# tl;dr:  I am bullish. If it is blue wxy, then this alternate count is impossible by the ruleset of Elliott:
![hksdfsd.JPG](https://cdn.steemitimages.com/DQmUn2tQxVnB4nCumT5E7XLrL4VNe1M1GXkJbPQriedQEqS/hksdfsd.JPG) 


![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
![legal3.png](https://cdn.steemitimages.com/DQmSdpAAyTCKGU2qLWqsCpQh4CWE9cG3yGVd4mJjx5rzGDT/legal3.png)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)


Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
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