RyanPal
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Elliot Wave Lesson : BTCUSD Example Perfect Wave count with Fibs

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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7
See chart.

Comment below if you have anything to debate about it or any doubts.
Comment: had the fibs a bit wrong on wave 3, anyways now we are in this big wave 2 and i am expecting something between 6k and 7k as the bottom of wave 2.


And then we go on to 54k-110k

Comments

So we finished the parabolic run and now we're heading to 4K?
Reply
RyanPal HoudiniX
@HoudiniX,
wave 2 is mostly 50%,61.8%,76.4% or 85.4%. 61.8% and 85.4% are most common. this part is probabilistic.
Reply
RyanPal HoudiniX
@HoudiniX, but yes the parabolic run is over and we should see a sharp fall from the ending diagonal soon.
Reply
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