BITCOIN shallow correction !!!
BITCOIN short timeframe analysis
I don't adjust the count because of my liking I adapt given the current market data and it seems we are now working in a shallow pullback .
In the Principle of Alternation states that if one of the corrective waves (Wave 2 or Wave 4) is a sharp correction, the other is likely to be a sideways correction, and vice versa.
Balance and Alternation:
If Wave 2 is sharp (e.g., a zigzag), Wave 4 will likely be a sideways correction (e.g., a flat or triangle).
If Wave 2 is sideways, Wave 4 will likely be sharp.
I don't adjust the count because of my liking I adapt given the current market data and it seems we are now working in a shallow pullback .
In the Principle of Alternation states that if one of the corrective waves (Wave 2 or Wave 4) is a sharp correction, the other is likely to be a sideways correction, and vice versa.
Balance and Alternation:
If Wave 2 is sharp (e.g., a zigzag), Wave 4 will likely be a sideways correction (e.g., a flat or triangle).
If Wave 2 is sideways, Wave 4 will likely be sharp.
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alternative scenario
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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.