TradingView
cryptoheat
May 13, 2021 1:58 AM

BTC EW count 

Bitcoin / TetherUSBinance

Description

there is a possibility that BTC is currently in a flat expanded ABC correction of the fourth wave. we seem to be currently in wave C of that correction that can have 5 subwaves... Until that Bearish divergence trendline on the RSI gets broken. this theory still stands...
the bottom indicator is an experimental indicator relying on the net Volume 21-day average. it is also diverging bearishly and accelerating, meaning the sell offs are becoming more agressive...
Comments
JMSBurton
I agree with the Expanded Flat hypothesis, and agree, Wave C is not complete until a complete 5 Wave Move down is measured.

I would check your micro count and make sure it validates.

Here is my count down from the ATH, also placing PA in a Wave 4.

Chart:
mtsislav
I’m a cat and I’m right
mtsislav
Nah that’s not right
More