Wolfe Wave BTCUSD Technical Analysis :
1) Points 1-2 should be FARTHER apart than points 3-4
2) Points 1-2 and points 3-4 are connected by a zig-zag ( a simple a-b-c pattern in this case)
3) Points 2-3 are connected by a flat 3-3-5
WW Model eyes point 5.
Look for:
a) impulsive wave for Points 4-5 ( connected by internal 5 points )
b) at least 1.121 fib. ext. for 4-5 leg
c) potential RSI h&s
WW is invalidated if 2-4 support line doesn't hold.
1) Points 1-2 should be FARTHER apart than points 3-4
2) Points 1-2 and points 3-4 are connected by a zig-zag ( a simple a-b-c pattern in this case)
3) Points 2-3 are connected by a flat 3-3-5
WW Model eyes point 5.
Look for:
a) impulsive wave for Points 4-5 ( connected by internal 5 points )
b) at least 1.121 fib. ext. for 4-5 leg
c) potential RSI h&s
WW is invalidated if 2-4 support line doesn't hold.
Comment:
If 2-4 line fails ww geo is invalidated. scenario would be very bearish.
