Flat correction still in play Short

Bitcoin Liquid IndexBrave New Coin

Description

⋅ Feb 9, 2020 10:09 AM

Could this be an elliott wave regular flat correction? A flat correction has subwave sequence 3-3-5. So the last leg must have five waves.

This is not yet invalidated IMO. I am not an elliott wave expert though. Your thoughts?

Elliott Wave Trend Lines

Comments

TreasureCoastCryptographic

⋅ Feb 9, 2020 2:15 PM

I do not believe this is accurate by my understanding of Eliot Wave Theory. It is my understanding move "B" can not be more than a 50% of move "A." If I am wrong please correct me. :-D

kullervo88

⋅ Feb 9, 2020 5:09 PM

@TreasureCoastCryptographic, Thanks for your comment. In regular flat correction, wave B terminates near the start of wave A. End of B wave can actually be even higher than it is in this idea. elliottwave.net/educational/basictenets/basics3.htm

kullervo88

⋅ Feb 9, 2020 5:11 PM

@TreasureCoastCryptographic, check also my another elliott wave idea. Note that I am just beginner with Elliott waves :)

artem19840910

⋅ Feb 9, 2020 10:14 AM

Will you delete it on 14K?

kullervo88

⋅ Feb 9, 2020 10:37 AM

@artem19840910, Regular flat B-wave terminates about at the level of the beginning of wave A. So it is possible that wave B terminates at 20k. I draw another idea to BTCUSD