An Analysis of the At stake Bitcoin and Elliott Wave
This is the most likely count in Elliott's current wave.
It's a convergence perspective.
It is viewed as a convergent A wave from the 15.5k low point to 18.2k. Sofa-dong splits into abc, and the ratio between A and C drops to 1:1.382.
It also appears to have descended to abc. It seems that abc(b wave convergence) is established because the b wave emerged as convergence, and the convergence transaction volume was also met.
The ratio between A and C is exactly 1:0.618.(If C value is shorter than A value)
Analyzing the current section, we believe that b convergence is coming out of the large convergence C wave abc.
Like B-b, the convergence transaction volume is satisfied, so it can be seen as convergence, and the convergence trend line is well followed.
The current section is the section where C-c can rise after slightly adjusting to C-b-e. (The converging e-wave may result in cutting, so be careful of the short position.)
After that, a large convergence D wave and E wave appear, creating the end of convergence, and by the time the E wave is completed, it is predicted that it will bounce in one direction and produce a large direction.
In the current section, if you break through the trend line at the top of the C-b, entering the long position seems to be the best deal!
There are still negative stories coming and going to the market. Always pay attention to variables and deal with them!
It's a convergence perspective.
It is viewed as a convergent A wave from the 15.5k low point to 18.2k. Sofa-dong splits into abc, and the ratio between A and C drops to 1:1.382.
It also appears to have descended to abc. It seems that abc(b wave convergence) is established because the b wave emerged as convergence, and the convergence transaction volume was also met.
The ratio between A and C is exactly 1:0.618.(If C value is shorter than A value)
Analyzing the current section, we believe that b convergence is coming out of the large convergence C wave abc.
Like B-b, the convergence transaction volume is satisfied, so it can be seen as convergence, and the convergence trend line is well followed.
The current section is the section where C-c can rise after slightly adjusting to C-b-e. (The converging e-wave may result in cutting, so be careful of the short position.)
After that, a large convergence D wave and E wave appear, creating the end of convergence, and by the time the E wave is completed, it is predicted that it will bounce in one direction and produce a large direction.
In the current section, if you break through the trend line at the top of the C-b, entering the long position seems to be the best deal!
There are still negative stories coming and going to the market. Always pay attention to variables and deal with them!