Hello guys!
Based on the Elliot wave theory and always waiting for confirmation of course.......I wanted to bring you the 2 scenarios I am working on:
1st scenario (BULL): We need to watch for BTC to break the upper boundry line of the channel in order for us to believe that we could be seeing the formation of the beginning of wave 3. Also, a good indication to belive that we have a wave 3 in process would be the angle of it, the steepest the better.
2nd scenario (BEAR): If BTC is not avaible to break the upper or centre line of the channel, we could be seeing the completion of C of ABC correction of a bigger wave X, which could probably lead us to retest March lows again or even further donw.
Thanks for your time guys! hope you find this instructional
Based on the Elliot wave theory and always waiting for confirmation of course.......I wanted to bring you the 2 scenarios I am working on:
1st scenario (BULL): We need to watch for BTC to break the upper boundry line of the channel in order for us to believe that we could be seeing the formation of the beginning of wave 3. Also, a good indication to belive that we have a wave 3 in process would be the angle of it, the steepest the better.
2nd scenario (BEAR): If BTC is not avaible to break the upper or centre line of the channel, we could be seeing the completion of C of ABC correction of a bigger wave X, which could probably lead us to retest March lows again or even further donw.
Thanks for your time guys! hope you find this instructional