Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
BTC - Elliot correction - How to count waves
Bitcoin
BTC - Elliot correction - How to count waves
By Thanhbvh
Follow
Follow
Updated
Jul 15, 2019
1
Jul 15, 2019
This post for education purpose only.
Yesterday BTC at 11k3, I draw 2 ways BTC can go, some reasons:
1. Wave A has 3 waves, Wave B has 3 waves
2. In this 3-3-x case, we only have 2 types of correction: flat or triangles.
3. In case of flat correction, it goes as green line. Wave C go 5 waves, stop at fibo 1 or 1.13
4. In case of triangles correction, it would be 3-3-3-3-3 waves, like orange line.
5. Now, price are following green line, let's see I am right or wrong.
Jul 15, 2019
Comment
Jul 15, 2019
Comment
In the case wave C of flat correction extend to fib 1.13, price follow yellow line.
Trend Analysis
Wave Analysis
Thanhbvh
Follow
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
.