HELP need some guidance on EW! Calling all BTC traders!
Hi there I am practicing my EW.
BTCUSD
Would like to check with those in EW if the initial 5 count and ABC correction is valid.
If its wrong could you please explain to me where I fall wrong or any EW rules I am not respecting.
Technically that would consist of the first impulse wave i and ii meaning we are in the start of iii with more downside to come.
More charts for closer visuals
BTCUSDWould like to check with those in EW if the initial 5 count and ABC correction is valid.
If its wrong could you please explain to me where I fall wrong or any EW rules I am not respecting.
Technically that would consist of the first impulse wave i and ii meaning we are in the start of iii with more downside to come.
More charts for closer visuals
Note
Impulse wave 1 done. Now we should do a correction phase to 2. Base on EW usually wave 2 is the .5 fib or .618 fib. Note
Seems like of a zig zag correction it did a running triangle with a continuation downwards. Now we are going to go for a 3/5 of this 3rd wave = huge drop soon.
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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.