Bitcoin’s run thus far has been wild. The future will only get wilder.
Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit.
Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually take the time and count the waves. Also, just to put it out there, if Wave 2 and 4 are both zig zags within an impulse, I consider the count likely invalid. This is what I’m seeing in most predictions that predict we are in a primary Wave 5 cycle. It sort of irks me but to each their own. All forms of analysis is subjective after all.
Watch out for the huge drop near $110-$120K. This rollercoaster ride will not be free.
Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit.
Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually take the time and count the waves. Also, just to put it out there, if Wave 2 and 4 are both zig zags within an impulse, I consider the count likely invalid. This is what I’m seeing in most predictions that predict we are in a primary Wave 5 cycle. It sort of irks me but to each their own. All forms of analysis is subjective after all.
Watch out for the huge drop near $110-$120K. This rollercoaster ride will not be free.
Decode the wave, anticipate the move. elliottwavescience.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Decode the wave, anticipate the move. elliottwavescience.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.