This is not financial advice.
In my previous post, I suggested that Minor Wave 4 could go all the way down to 0.618 fib:
However, after doing a deeper dive into the long squeeze in the last day and looking at its recovery, I think
BTC has completed its corrective Minor Wave 4.
This means that we're looking up towards an impulsive Minor Wave 5.
If Minor Wave 5 completes, in my bullish main Elliot Wave count, we would get a full picture for Intermediate Wave 1.
We would then be able to expect an Intermediate Wave 2 correction.
However, while Wave 2 usually corrects 0.618 fib, this time round,BTC has shown inclination and strength to correct between 0.236 and 0.328 levels.
And then we will be making that Impulsive Wave 3 up.
That will be bonkers.
In my previous post, I suggested that Minor Wave 4 could go all the way down to 0.618 fib:
However, after doing a deeper dive into the long squeeze in the last day and looking at its recovery, I think
BTC has completed its corrective Minor Wave 4.This means that we're looking up towards an impulsive Minor Wave 5.
If Minor Wave 5 completes, in my bullish main Elliot Wave count, we would get a full picture for Intermediate Wave 1.
We would then be able to expect an Intermediate Wave 2 correction.
However, while Wave 2 usually corrects 0.618 fib, this time round,
BTC has shown inclination and strength to correct between 0.236 and 0.328 levels.And then we will be making that Impulsive Wave 3 up.
That will be bonkers.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.