BTC 5th wave extension $6800-$7200? Long

Bitcoin / DollarBitfinex

Description

⋅ Jun 18, 2018 5:16 AM

Looks like prices are touching support/trend lines nicely. Will we go up this week?
I'm just learning still. In Elliott Wave, does the 3rd wave always have to be higher than the 1st?

Trend Analysis

Comments

MilkBread

⋅ Jun 18, 2018 7:27 AM

third wave has to be above or below first impulse (depending on trend of course). also can't be the shortest of wave 1 and 5.

MilkBread

⋅ Jun 18, 2018 7:25 AM

absolutely read this entirely three times if you are going to start trying on elliot waves for trade positions.
stockcharts.com/school/doku.php?id=chart_school:market_analysis:guidelines_for_applying_elliott_wave_theory

Kurtimus

⋅ Jun 18, 2018 8:03 AM

@MilkBread, Thanks for the help/info.

MilkBread

⋅ Jun 18, 2018 8:04 AM

@Kurtimus, no problemo. thats what TV is for.

birchgrove

⋅ Jun 18, 2018 5:23 AM

Now that you ask ... yes we will!