Bitcoin ABC + 12345 Wave! 10k-14k Target??
Hello Dragons,
This is a Legendary Analysis
1 Day Chart.
Elliot Wave use 12345 & ABC
First of all this is Test Analysis using Elliot wave.
some wannabe guru in the past says EW does not work in Crypto Currency.
but lets find out!
first the Correctional Impulse during From 14k Downtrend
EW 12345
if you look in the chart its actually look correct for the Impulse during downtrend
2nd ABC Correction from 6.7k
if i draw it right the ABC Wave is targeting around 10k Region!
Normally after the wave C completion , a Drop should be follow after this correction.
if we drop from 10k to 9.2k and break it , closed candle 1D.
the Follow up Impulse 12345 wave theory will be invalidated
3rd if the ABC correction does not drop to 9.2k (preferably 9.4k-9.7k region)
then we can hope and assume the 12345 Impulse wave will be validated!
Next target will be wave 5 and its should be 12k-14k region! and it depends on the volume
lets stop for now if the impulse wave 12345 is validated i will create another continuation of this.
Thank you!
Please Note: this is not a financial advice.
Always use SL and trade with risk strategy,
if using leverage, start with x2,x3 for starters.
Good luck! lets hope for the best!
This is a Legendary Analysis
1 Day Chart.
Elliot Wave use 12345 & ABC
First of all this is Test Analysis using Elliot wave.
some wannabe guru in the past says EW does not work in Crypto Currency.
but lets find out!
first the Correctional Impulse during From 14k Downtrend
EW 12345
if you look in the chart its actually look correct for the Impulse during downtrend
2nd ABC Correction from 6.7k
if i draw it right the ABC Wave is targeting around 10k Region!
Normally after the wave C completion , a Drop should be follow after this correction.
if we drop from 10k to 9.2k and break it , closed candle 1D.
the Follow up Impulse 12345 wave theory will be invalidated
3rd if the ABC correction does not drop to 9.2k (preferably 9.4k-9.7k region)
then we can hope and assume the 12345 Impulse wave will be validated!
Next target will be wave 5 and its should be 12k-14k region! and it depends on the volume
lets stop for now if the impulse wave 12345 is validated i will create another continuation of this.
Thank you!
Please Note: this is not a financial advice.
Always use SL and trade with risk strategy,
if using leverage, start with x2,x3 for starters.
Good luck! lets hope for the best!
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