BTCUSD 240 min. Possible long with potentially good profit.
At the moment the probability of this variant of counting is about 50%. If "critical point" is overlapped I will treat this variant as the main one.
P.S.
Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on a fork of Elliot theory which was elaborated by me about 10 years ago.
P.S.
Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on a fork of Elliot theory which was elaborated by me about 10 years ago.
Comment:
There is a small mistake in the markup. It has to be label (5)-((C))-(((B))) instead of 5-(C)-((C))-(((B))) and internal waves1-2-3-4 in this wave ((C)) must be marked as (1)-(2)-(3)-(4). It is just a technical issue which doesn't affect the idea itself. I'm sorry for any inconvenience which may cause.
Comment:
Until now everything goes as expected. The market has finalized wave C-(1) and now is working on the wave (2).