Simple Logic + Elliott Wave Basic + Harmonic on Bitcoin...

Wave 1:
It's formed Leading Diagonal which is labialized by A, B, C, D, and E.

Wave 3:

It's not an impulsive move therefore we looking "Throw-Over" of the Parallel Channel for 5th Wave.

Wave 4:
The Contracting Triangle has been possessed in it.

Wave 5:
To determine 5-Wave, I have utilized the following:
  • 1) Parallel Channel
  • 2) Spike Box (i), (ii), (ii) which indicated that end of the triangle we're getting a spike on BTC.
  • 3) Harmonic pattern can give us the exact level to decide the next move and pattern name.



I will work on the Harmonic Pattern if I got enough LIKES and Respect from TradingView.

Thank you.


My past research of Bitcoin
:
Elliott Wave for Bitcoin on 4hrs chart!

Bitcoin (Cryptocurrency)Elliott WaveHarmonic Patternskinnari_prajapatikinnariprajapatiParallel Channel

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