Elliott Wave BTC/USD LONG INCOMING
Hello traders,
We can see today on BTC/USD the potential end of a wave X of a WXYXZ. My objectives and possible entries for a long are the following:
-36400 ---> The 85% of retracement of the wave Y and the 76.4% of extension of the yellow C
-34314 ---> The 100% of retracement of the wave Y and the 100% of extension of the yellow C
We could already be in the wave Z which would mean that wave X has reached its objectives. However, there is still the 100% retracement target of the wave X that can be reached.
If we exceed these targets the WXYXZ will be invalidated as the wave X cannot be beyond the 100% of retracement of the wave Y.
Feel free to comment if you have any questions
We can see today on BTC/USD the potential end of a wave X of a WXYXZ. My objectives and possible entries for a long are the following:
-36400 ---> The 85% of retracement of the wave Y and the 76.4% of extension of the yellow C
-34314 ---> The 100% of retracement of the wave Y and the 100% of extension of the yellow C
We could already be in the wave Z which would mean that wave X has reached its objectives. However, there is still the 100% retracement target of the wave X that can be reached.
If we exceed these targets the WXYXZ will be invalidated as the wave X cannot be beyond the 100% of retracement of the wave Y.
Feel free to comment if you have any questions
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.