This analysis is only a complete personal review and all aspects are explained in it. And there is no certainty in doing or not doing it.
Hints
1. The downtrend is a strong and powerful step, so there is no expectation of a reversal and uptrend in the medium term.
2. Despite the easy appearance of Elliott counting of this wave, but in its microwaves, there are points that can be considered as a wave of a zigzag and it can be considered as five waves (blue count) and it can be considered as a wave. Consider a flat and count it as three waves (purple number), so mentioning that those who have considered it a flat or zigzag count is true for both groups, and the future will determine which group thought was right.
Given the fact that we are still in a state of correction (the wave is falling sharply and there is no sign of weakening the trend at the end of the wave) we
Examine the category B we are in
a . Flat: In case of counting 3 waves of bitcoin (purple count), the minimum target of this wave is 60,000, and the important point is that due to the accelerating microwaves, the hypothesis of the pattern being wavy is weakened, so those who count it as three waves should look for the target. Prices are in a variety of flats
B: Zigzag: If you are counting 5 waves of bitcoins (blue counting), a minimum target of 46,000 and a maximum of 55,000 should be considered for it.As a result, no exact target can be found for it, but from its combination with Price Action, the range of 50,000 to 51,000 is a very important range for Bitcoin, and if it fails, you should follow the flat pattern.
Harmonic works talk about the return waves of the powerful pattern of Butterfly Fly, which if such a pattern is formed in Bitcoin, its targets can be considered as the end point of correction.
In the end, in this analysis, as many cases as possible are examined and there is no certainty in doing or not doing something.
And a trader who ignores any of these cases, if his analysis does not occur, will suffer mental or even material harassment and indicates that the trader is an amateur.
Hints
1. The downtrend is a strong and powerful step, so there is no expectation of a reversal and uptrend in the medium term.
2. Despite the easy appearance of Elliott counting of this wave, but in its microwaves, there are points that can be considered as a wave of a zigzag and it can be considered as five waves (blue count) and it can be considered as a wave. Consider a flat and count it as three waves (purple number), so mentioning that those who have considered it a flat or zigzag count is true for both groups, and the future will determine which group thought was right.
Given the fact that we are still in a state of correction (the wave is falling sharply and there is no sign of weakening the trend at the end of the wave) we
Examine the category B we are in
a . Flat: In case of counting 3 waves of bitcoin (purple count), the minimum target of this wave is 60,000, and the important point is that due to the accelerating microwaves, the hypothesis of the pattern being wavy is weakened, so those who count it as three waves should look for the target. Prices are in a variety of flats
B: Zigzag: If you are counting 5 waves of bitcoins (blue counting), a minimum target of 46,000 and a maximum of 55,000 should be considered for it.As a result, no exact target can be found for it, but from its combination with Price Action, the range of 50,000 to 51,000 is a very important range for Bitcoin, and if it fails, you should follow the flat pattern.
Harmonic works talk about the return waves of the powerful pattern of Butterfly Fly, which if such a pattern is formed in Bitcoin, its targets can be considered as the end point of correction.
In the end, in this analysis, as many cases as possible are examined and there is no certainty in doing or not doing something.
And a trader who ignores any of these cases, if his analysis does not occur, will suffer mental or even material harassment and indicates that the trader is an amateur.