Hello guys,
This is my thought on BTC.
We can see that we are still in the corrective phase of an Elliot wave, we already have passed A & B but C is still going.
I tried to determine where C will ends, I've got a zone between 8.3k and 8k, to calculate it I used :
- fib extension 1:1 of the A-B corrective waves
- 1:618 fib extension of the 2 first waves already formed inside B-C
I also used the fib retracement on the whole motive phase, the 0.618 is at 8.2k just in the middle of my zone. I believe C will ends there, but what after ? Run to the 14k+ ? Maybe, maybe not, I don't know, I hope so :D
I'm pretty new so don't take this as a PRO analysis, you're welcome to give me any suggestion.
Enjoy ;)
This is my thought on BTC.
We can see that we are still in the corrective phase of an Elliot wave, we already have passed A & B but C is still going.
I tried to determine where C will ends, I've got a zone between 8.3k and 8k, to calculate it I used :
- fib extension 1:1 of the A-B corrective waves
- 1:618 fib extension of the 2 first waves already formed inside B-C
I also used the fib retracement on the whole motive phase, the 0.618 is at 8.2k just in the middle of my zone. I believe C will ends there, but what after ? Run to the 14k+ ? Maybe, maybe not, I don't know, I hope so :D
I'm pretty new so don't take this as a PRO analysis, you're welcome to give me any suggestion.
Enjoy ;)
Order cancelled:
Looks like I was wrong, I close this idea.
I'm starting thinking that my counting is wrong, this 5th wave could actually be the 3rd one and so we'd juste have finished the 4th wave and we are now on the way for the 5th one.
I'm starting thinking that my counting is wrong, this 5th wave could actually be the 3rd one and so we'd juste have finished the 4th wave and we are now on the way for the 5th one.