Hello traders, Bitcoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 3 day timeframe.
According to the count, the main waves 1, 2 and 3 are over and now we are inside wave 4.
In the first step, we will examine wave 4 with wave 2.
Wave 2 A wave in the form of a zigzag , a zigzag that is relatively unusual in terms of structure and in terms of time and depth of correction.
Considering wave 2, wave 4 is an excellent structure and in terms of time is somewhat similar to wave 2 and in terms of correction can be deep, and this deep movement will take place in the third stage of this whole wave.
In the second step, we examine the structure of wave 4.
As we already thought, Wave 4 was probably a flat, but we did not expect this flat to move more than Fibo 0.38 compared to Wave 3, and given that the correction to Fibo 0.50 is currently underway, this analysis can hardly be trusted. .
However, our view is flat, which is inside wave c of wave a, and wave b is formed when the trend line or green circle is broken upwards.
Also, if the bottom of the orange channel is broken, wave b will start at the lower point, ie Fibo 0.618.
And if this trend continues to Fibonacci 1.00 for wave c, the flat structure will be more invalid than before.
The end of wave b is known as point 65000 below, at which point the Soroshaneh pattern is formed and is excellent for the sharp descent of wave c.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
According to the count, the main waves 1, 2 and 3 are over and now we are inside wave 4.
In the first step, we will examine wave 4 with wave 2.
Wave 2 A wave in the form of a zigzag , a zigzag that is relatively unusual in terms of structure and in terms of time and depth of correction.
Considering wave 2, wave 4 is an excellent structure and in terms of time is somewhat similar to wave 2 and in terms of correction can be deep, and this deep movement will take place in the third stage of this whole wave.
In the second step, we examine the structure of wave 4.
As we already thought, Wave 4 was probably a flat, but we did not expect this flat to move more than Fibo 0.38 compared to Wave 3, and given that the correction to Fibo 0.50 is currently underway, this analysis can hardly be trusted. .
However, our view is flat, which is inside wave c of wave a, and wave b is formed when the trend line or green circle is broken upwards.
Also, if the bottom of the orange channel is broken, wave b will start at the lower point, ie Fibo 0.618.
And if this trend continues to Fibonacci 1.00 for wave c, the flat structure will be more invalid than before.
The end of wave b is known as point 65000 below, at which point the Soroshaneh pattern is formed and is excellent for the sharp descent of wave c.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️