Mathematical calculation of Wave 3 based on Elliot wave theory.
This scenario considers Wave 3 to be equal in magnitude to Wave 1.
Remember one of the 3 impulse waves is often longer while the other 2 are equal.
Considering that, this is giving the minimum length of Wave 3 and expecting Wave 5 to be the largest one, but that it may be vice versa.
This calculation and prediction is based on the fact that
BTC hit ATH and invalidated all bearish thesis (except double top).
This scenario considers Wave 3 to be equal in magnitude to Wave 1.
Remember one of the 3 impulse waves is often longer while the other 2 are equal.
Considering that, this is giving the minimum length of Wave 3 and expecting Wave 5 to be the largest one, but that it may be vice versa.
This calculation and prediction is based on the fact that
BTC hit ATH and invalidated all bearish thesis (except double top).
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.
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.