BTCUSD will be make double bottom

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC is going waves 4 of wave C in 30M.
You can buy BTC in the range: $8667 - $8800 and sell it will reach target $10400

Our analyzes are based on the Elliotts theory to determine the main trend, the targets of waves based on Fibonacci, Resistance - Support Zone . Also, we use indicators like EWO , MACD , MA50, Ichimoku , BB to confirm the end and start of a trend.
If you find our post useful, please give us a BIG LIKE Your support will be a great motivation for us to update chart every day! If you have any opinion about this chart, don’t hesitate to comment below! The discussion will make us better! Thank you, guys!
May 02
Comment: in 30M
May 02
Comment: It is going triangle wave.


It's possible, in essence we are seeing the same scenario playing out, but I see 8900-9000 as a target.

Beemaster davec83
@davec83, good chart
It’s my understanding that B waves can only contain 3 waves, not 5. A can contain 3 or 5 waves and C will always be 5 waves. With this understanding I think your counts are off.
BrittTheIsh BrittTheIsh
5-3-5 is a Zigzag, and 3-3-5 is a Flat.
Beemaster BrittTheIsh
@BrittTheIsh, • Wave B can be any corrective structure (In case triangle wave)

Elliott Wave Theory Zig zag


• Zigzag is a corrective 3 waves structure labelled as ABC
• Subdivision of wave A and C is 5 waves, either impulse or diagonal
• Wave B can be any corrective structure
• Zigzag is a 5-3-5 structure
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out