Here is how I prepare my trading view chart for daily trading. I learned this from other phenomenal traders, and it has helped me greatly. I hope it helps you. With this basic setup of your chart you will have a good perspective for all time frames when you use your charting tools and technical indicators. Cheers
I published a pretty messy chart on Jan 29th. This is a much cleaner chart that shows the waves falling within the Elliot/Fib guidelines. With a projected finish of 11,600 before we go into a major correction.
Doing an Elliot/Fibonacci wave analysis on this current BTC bull run. If it proves true, there is room to go, and the wave 4 pullback is finished at the 9174 resistance flipped to support. In this scenario, the wave 3 hits the 1.618 extension of the first wave perfectly. To me, this indicates that wave 5 has not started yet, and we are in for a continued bull move.
I was struggling with the truncated D wave of ABCDE triangle, so I looked up elliot correction waves and found the double 3. The B wave fit perfectly. If the wave breaks though the 10600 resistance this will be my primary chart. Please let me know what you think,
Chris
Just my thoughts on how I currently see this giant BTC correction ending. I see this as a continuation of the bullish trend primarily based on the daily and weekly cross of the 20/60 EMA's. I am new to this, and looking for any feedback you may have, as it will help me to grow in my understanding.
Hi,
I'm new to elliot wave theory. Looking for feedback, also if anyone knows the statistical percentages of an ABC correction. This is my first attempt a drawing elliot waves. Does this drawing even look reasonable? If it is an accurate drawing, and we get a C wave that exceeds the prior 4 wave (@7600is that of great significance? Would that indicate a trend...
