I studied the 1Inch/Btc price movement with fibo extensions, time zones and elliot wave theory. I came to a conclusion that 5th wave correction is over and in a larger scale this is the end of a wave 2.
We should be starting a huge wave 3 for this idea to be correct. Levels are not random, they are calculated, but may vary ofc.
This is not financial advice, its for study purposes, to test my knowledge and skills only.
Peace.
We should be starting a huge wave 3 for this idea to be correct. Levels are not random, they are calculated, but may vary ofc.
This is not financial advice, its for study purposes, to test my knowledge and skills only.
Peace.
Comment:
The correction timing didn't add up. I will update the chart soon. My bullish targets will be updated as well after the correction ends.
Trade closed: stop reached:
well my area for bounce was 8800-9000 area but trend shows its not gonna happen. This idea is no longer valid.