Hi all,
This is just my opinion and i have to say that i'm not a pro just a newbie trying to learn.
First of all i want to start with elliot impulse wave.
First wave has to be shown after a horizontal or an opposite trend. This one start after an great uptrend so it seems cool.
Second wave is usually between 38.2 and 61.8 of first wave. People believe that uptrend still goes. It seems cool too.
So i think we'r in third wave atm and it will end at the area which both falling wedge and bullish bat will be formed around 410$ ( it's a very very strong support level)
And all factors push the price to about 795$ and thats the 4th wave i think.
If all those happen then we have to wait last wave.
It's just an experimental work. Please do your own resarch.
Also if you have anything to add or if you see something wrong with my idea please add a comment i would be really happy to see my mistakes.
Thanks.
This is just my opinion and i have to say that i'm not a pro just a newbie trying to learn.
First of all i want to start with elliot impulse wave.
First wave has to be shown after a horizontal or an opposite trend. This one start after an great uptrend so it seems cool.
Second wave is usually between 38.2 and 61.8 of first wave. People believe that uptrend still goes. It seems cool too.
So i think we'r in third wave atm and it will end at the area which both falling wedge and bullish bat will be formed around 410$ ( it's a very very strong support level)
And all factors push the price to about 795$ and thats the 4th wave i think.
If all those happen then we have to wait last wave.
It's just an experimental work. Please do your own resarch.
Also if you have anything to add or if you see something wrong with my idea please add a comment i would be really happy to see my mistakes.
Thanks.