BTC - the only macro you need
All Elliott wave laws, thesis, observations are valid and pretty much textbook.
Alternation
wave 1 -> usually completely fades
wave 2 -> zigzag, deepest correction
wave 3 -> most dominant
wave 4 -> sideways expanded flat, long but not that sharp and deep
wave 5 -> most euphoric and normally retail driven
Rising channe
Wave equality? Perhaps That would put the target to cca. 120k if we goin similar to wave 1. But if we are following the channel, top is in at about 200k. Two areas to look for.
What's most important: we have wave 5 in front of us :) In a few months, welcome to mania.
Alternation
wave 1 -> usually completely fades
wave 2 -> zigzag, deepest correction
wave 3 -> most dominant
wave 4 -> sideways expanded flat, long but not that sharp and deep
wave 5 -> most euphoric and normally retail driven
Rising channe
Wave equality? Perhaps That would put the target to cca. 120k if we goin similar to wave 1. But if we are following the channel, top is in at about 200k. Two areas to look for.
What's most important: we have wave 5 in front of us :) In a few months, welcome to mania.
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