BTC truncated 5th wave?

Mar 4, 2018

New to TA so please excuse my ineptitude. As far as I can tell, this idea conforms to Elliot Wave formation rules. If this is correct, we will be entering corrective wave 2 shortly if $11786.01 isn't broken. I would appreciate any feedback if I've misunderstood or overlooked any formation rules which invalidate this analysis.

Mar 5, 2018

Note

5th wave of lesser degree is still in progress and is not a truncation. Still waiting to see what happens with wave of higher degree

Mar 6, 2018

Note

The trendline of the ascending wedge has been broken, but the reversal is still awaiting confirmation.

Mar 9, 2018

Note

Well the wave was indeed truncated and the trend did reverse. I was expecting a shorter first wave down.