Bitcoin / TetherUSShort
Finishing up an expanded flat of double-three?
These are the three different scenarios in preferred order. I only slightly prefer black to blue.
Black scenario:
We're in a lesser ((5)) of a iii, or maybe even a (5) of a ((3)) of a iii. This is within (c) of an expanded flat, that is the second part og a double-three-zigzag-flat correction that makes the end of wave 2 of 1.
Blue scenario:
This is almost like the black one, but instead of a double-three, the whole structure since black 1 is an expanded flat. The reason I prefer black scenario over this is that in this (blue) scenario, the wave ((b)) retraces all the way back to the 1.414 retracement of ((a)), but in the black scenario wave (b) is only retracing a little past 1.236 of (a).
On the other hand, in favour of the blue count, the blue ((c)) would be able to end 2 in the 0.705-0.786 retracement area, or further, of wave 1, while in the black scenario wave 2 would end just past 0.5. While 0.5 is ok, 0.705-0.786 is more normal of a 2 retracement.
This would indicate that, at this point, were in a fifth wave of a first wave, of a larger degree, on our way to five down into the 37000-29000 area.
Red scenario:
I find this really unlikely because red ((i)) looks a lot more like an ABC than a motive wave.
tradingview.com/chart/zSxIEUqz/
Black scenario:
We're in a lesser ((5)) of a iii, or maybe even a (5) of a ((3)) of a iii. This is within (c) of an expanded flat, that is the second part og a double-three-zigzag-flat correction that makes the end of wave 2 of 1.
Blue scenario:
This is almost like the black one, but instead of a double-three, the whole structure since black 1 is an expanded flat. The reason I prefer black scenario over this is that in this (blue) scenario, the wave ((b)) retraces all the way back to the 1.414 retracement of ((a)), but in the black scenario wave (b) is only retracing a little past 1.236 of (a).
On the other hand, in favour of the blue count, the blue ((c)) would be able to end 2 in the 0.705-0.786 retracement area, or further, of wave 1, while in the black scenario wave 2 would end just past 0.5. While 0.5 is ok, 0.705-0.786 is more normal of a 2 retracement.
This would indicate that, at this point, were in a fifth wave of a first wave, of a larger degree, on our way to five down into the 37000-29000 area.
Red scenario:
I find this really unlikely because red ((i)) looks a lot more like an ABC than a motive wave.
tradingview.com/chart/zSxIEUqz/
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