Are we getting close to our first real correction since the beginning of the pump of September?
As you can see in the graph, I decomposed the BTCUSD in elliott waves in 5 different timeframes. Here are the details of the decomposition:
I expect a retracement of 23.6% of wave 3, which is very usual in the case of the BTC, reaching the support at 34,000 USD.
As you can see in the graph, I decomposed the BTCUSD in elliott waves in 5 different timeframes. Here are the details of the decomposition:
- 1W: decomposition of 3rd wave monthly
- 1D: decomposition of 1st wave weekly
- 4H: decomposition of 3rd wave daily
- 1H: decomposition of 5th wave in 4H
I expect a retracement of 23.6% of wave 3, which is very usual in the case of the BTC, reaching the support at 34,000 USD.