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Elliottwaveretracement

Correction wave on Total Crypto Market Capacity.After past month's Bearish Momentum, we can see Bulls trying to regain their spot. As Elliot wave Analysis shows: - Wave A starting from 2.87Trillion on 10 Nov. and ending at 1.93 trillion on 3 Dec. - Wave B is in Progress in which we could see sub wave a and sub wave b Being terminated (ended) , and we are in progress of sub wave c (last sub wave of wave B) . Sub wave C target is 2.56T area and 2.74T area. If My Analysis is right, we could see a rejection at such levels area, which coincides with 61.8% and 78.6% Fibonacci levels of Impulsive Wave A - Wave C (Last wave of correction) once it starts to progress, could find its target at 1.53Trillion level area, just before we start a new Bull cycle on Cypto Currencies where we would see ultimate new highs On BTC, Eth, etc...
CRYPTOCAP:TOTAL
by AdhamRafea6652e208fd254341
ELLIOTT WAVES and REAL CHART RUNE ANALYSISElliott Wave Theory Interpretation The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move. The underlying 5-3 pattern remains constant, though the time span of each wave may vary. Let's have a look at the following chart made up of eight waves (five net up and three net down) labeled 1, 2, 3, 4, 5, A, B, and C. Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B and C form a correction. The five-wave impulse, in turn, forms wave 1 at the next-largest degree, and the three-wave correction forms wave 2 at the next-largest degree. The corrective wave normally has three distinct price movements – two in the direction of the main correction (A and C) and one against it (B). Waves 2 and 4 in the above picture are corrections. These waves typically have the following structure: Wave Degrees Elliott identified nine degrees of waves, which he labeled as follows, from largest to smallest: [ *]Grand Super Cycle Super Cycle Cycle Primary Intermediate Minor Minute Minuette Sub-Minuette
Education
by NiccoFx