https://www.tradingview.com/i/2Dieyn4S/
As was stated before, BTC seems to be aiming for one of the previously mentioned typical (for wave 4) fib retracement levels.
Wave 4 seems to be unraveling in a form of a complex WXY correction with a Zig-zag-any three-expanded (or regular) flat.
Fib extension levels, 1.618 in particular, targeted by the flat formation are confirming the previously calculated targets.
Elliott was a genius, I just hope I used his theory correctly :)
As was stated before, BTC seems to be aiming for one of the previously mentioned typical (for wave 4) fib retracement levels.
Wave 4 seems to be unraveling in a form of a complex WXY correction with a Zig-zag-any three-expanded (or regular) flat.
Fib extension levels, 1.618 in particular, targeted by the flat formation are confirming the previously calculated targets.
Elliott was a genius, I just hope I used his theory correctly :)
Note
The sentiment is definitely turning bearish (checkin the news). Mainstream is catching up to TA. I'm not so sure about the extended flat pattern anymore. We need to see some more candles.Note
It's actually more like a typical expanded flat now...
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.