BitcoinLong
BTC Elliott Wave count
I show two possible wave (5) endings. It is possible that an extended (5) could occur.
Notice that waves 1,2,3,4 touch the channel perfectly.
Wave 4 tags the 0.5 fib (linear) and such I show the algo targets.
The wave (2) count can be counted differently. It is something I ran with.
This count solves the alternation issue, as now there is Sideways (2) and Sharp (4) alternation. Plus there is a complex wave (2) and a simple correction (4) alternation.
Wave (3) is 1.618 of wave (1) adding faith that it is a wave (3).
Notice that waves 1,2,3,4 touch the channel perfectly.
Wave 4 tags the 0.5 fib (linear) and such I show the algo targets.
The wave (2) count can be counted differently. It is something I ran with.
This count solves the alternation issue, as now there is Sideways (2) and Sharp (4) alternation. Plus there is a complex wave (2) and a simple correction (4) alternation.
Wave (3) is 1.618 of wave (1) adding faith that it is a wave (3).
Note
Note that even though the chart is in log scale, the fibonacci is in linear scale for the 0.5 fib.
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.
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.