ltc-joe

BTCUSD Elliot Wave...how to be the best in the world part 2

Long
ltc-joe Updated   
BITSTAMP:BTCUSD   Bitcoin
Shallow correction target was reached:

Now we have the end of a correction which represents either the end of the first part of the correction of wave 2 (wave 1 is now an officially compacted :5)....below I have shown the presumed count on lower time frames. Research 'missing wave' phenemonann in neely method to understand.

I do not think we will reach the deep correction target as I initially mentioned, and still do not think we will...
if this is only the first part of the correction and not the completion of wave 2 u will likely see us reach the second higher target for wave b before retracing near/or all of wave b for wave c of a flat correction (w-x-y-x-z representing one leg for 'a')
if wave 2 is already complete, after reaching the second higher target, the pull bakc will be small (around 23-38%) for 1-2 of smaller degree

Last option which is the least likely would be, the coming small move up is wave b of a larger 'deep correction'

u know or i'm wrong and we get no move up here but do u really want to bet against the best in the world?!

Further, falling wedge traditional chart partern, 1d stoch cross up, blah blah i'm sure the ichimoku foku's have there own pattern. ONce u've cracked the matrix u realize everything is just abstraction from price action put into various forms of analysis LOLLOLOL

This chart (along with the last) is published using 1/3 forms of TSN signing on the Truth Social Network...but I will probably post both in the charts directory later today in order to create TSN References utilizing 3/3 signing. Gluck!
Comment:
addendum: acshually the coming move up could also represent the second wave of a triangle (wxyxz representing a also in this scenario) to cover all bases
Comment:
target 1 hit...
Comment:
Scenario 1 (more likely)

Scenario 2:

...either way we go to target 2 99% lmfao isn't obvious? we at least if u r me LOL
Comment:
target 2 hit
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