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BeyondEdge
Jan 23, 2022 10:45 PM

BTCUSD Elliott Wave Forecast - Wave 4 Correction Long

Bitcoin / U.S. dollarBitstamp

Description

The chart depicts my long term primary count for BTC. To put briefly, it indicates a final impulse before the completion of this wave cycle once this ongoing correction has concluded.

Alternation guidelines concerning Waves 2 and 4 would allude to a simple correction for this ongoing Wave 4, as BTC had printed a more complex correction for Wave 2; namely a Triple Three. The simple correction here is in the form of a Regular Flat.

EW flats, be it Regular, Expanded or Running all consist of a 3-3-5 wave structure (ABC). The ongoing ABC correction is readily apparent and close to completion. I will provide a more detailed breakdown of the current Wave C shortly. Will also share my alternate count at some point, follow to stay updated and to be notified of the post.


I hope you found this useful, do leave your thoughts in a comment below.

As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas.

Thank you for taking the time.

BeyondEdge
Your Edge Is Your Perception. Go Beyond.

Comment

*Important*

Kindly ignore this idea as it contains an oversight. Please refer to the amended idea below.

Comments
Dark_side88
Good idea, I'm firmly watching the RSI in 3D
very interesting, it has never been so low, the STOCASTIC too, I'll be watching
BeyondEdge
@Dark_side88 please ignore this idea as there are errors contained in it. Muddled up with another altcoin chart and no longer able to remove it once I realised.

This is the BTC wave 4 correction.

BeyondEdge
🙏🏽 Thank you. Nothing is certain, however the probability is high. Let’s see how it plays out. 👊🏽
WolvesOkami
Very accurate, your weekly is 100% wave 5 soon,
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