The Correction is not over yet !!
Just trying to make sense of recent BTC price action from Elliot wave Perspective and come up with a bias on short term basis.
A Minute wave Completed and now a Combination Correction is in progress.
wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c.
Subwave count of wave 3 provided as its visible being the longest. RSI reading was the highest in subwave 3 of larger 3.
A Minute wave Completed and now a Combination Correction is in progress.
wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c.
Subwave count of wave 3 provided as its visible being the longest. RSI reading was the highest in subwave 3 of larger 3.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.