According to Elliot Wave Theory There are 12345 Motive Waves. And I think the 1 wave for BTC/USD pair begins mid 2016 and ends 11 Dec 17.
Wave 2 Analysis:
Wave 2 should be is 50%, 61.8%, 76.4%, or 85.4% of wave 1. And here we have 0.854.
Wave 3 Analysis:
Wave 3 should be161.8%, 200%, 261.8%, or 323.6% of wave 1-2. We have here 3.272 Fib Extention.
And Wave 4 (Are we on wave 4 now or it will go deeper? Today is 22.06.2021 And BTC value is 35K) .
According to Elliot wave theory rules Wave 4 should be 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%. If BTC can keep staying uo 28K i think it corrects the rule. And yes it is Wave 4 now.
Wave 5 Analysis: What is the top for this 12345 Motive Waves season?
Again according to Elliot wave theory rules wave 5 is inverse 123.6 – 161.8% retracement of wave 4.
It should be around 75-87K
This is only a reminder for myself. Please do ypur own research.
Wave 2 Analysis:
Wave 2 should be is 50%, 61.8%, 76.4%, or 85.4% of wave 1. And here we have 0.854.
Wave 3 Analysis:
Wave 3 should be161.8%, 200%, 261.8%, or 323.6% of wave 1-2. We have here 3.272 Fib Extention.
And Wave 4 (Are we on wave 4 now or it will go deeper? Today is 22.06.2021 And BTC value is 35K) .
According to Elliot wave theory rules Wave 4 should be 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%. If BTC can keep staying uo 28K i think it corrects the rule. And yes it is Wave 4 now.
Wave 5 Analysis: What is the top for this 12345 Motive Waves season?
Again according to Elliot wave theory rules wave 5 is inverse 123.6 – 161.8% retracement of wave 4.
It should be around 75-87K
This is only a reminder for myself. Please do ypur own research.
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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.