B Wave? - Market Analysis for Jun 24th, 2019


I had some questions about whether this is a B wave here. 

One of the rules of a B wave in EW is it CANNOT BE FIVE WAVES. So, in all probability we do not have a B wave. 

However, this can be an A wave of a larger B wave. Right now, if we retrace .618 of the b of that big B, I get the A=C for all of B at $33K...See Circle. 

While this is not likely, it is still a possibility I must pay attention to when we get there. How will we know it is in play? A break of support in 5 waves. When we're in such a massive '3rd' wave, don't worry, I'll post support for the entire move. 

XBTUSD - Primary Analysis - Jun-24 1059 AM (1 day)
XBTUSD - Primary Analysis - Jun-24 1059 AM (1 day)
Ryan Wilday hosts the Crypto Waves service on ElliottWaveTrader.net.


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