hello, Today, I tried to find the end of microwave 4 of main wave C.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
First, I have to say sorry for the busy chart, but I suggest to you please spend some minutes on this post, probably useful (This is just my idea).
Location🌊:Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I believe that end of microwave 4 of main wave C is Triple Three Corrections type (WXYXZ).
What is my aim🎯? Answer: I want to find the end of microwave 4 of main wave C or where will microwave 5 of main wave C start ?!
I want to say some of the necessary concepts for Triple Three Corrections and then compare them with our chart's conditions (Let's go):
The corrective structures are labeled as WXYXZ. The corrective structures are labeled as WXYXZ. They are an 11 swing structure. The subdivision of wave W, wave Y, and wave Z can be a zigzag , a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle.
The Fibonacci ratio relationships are as follows. Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W.Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three. The second wave X will retrace the wave Y in the same aforementioned Fibonacci retracement levels as it did the wave W. The second wave X structure does not have be the same structure as the first wave X. The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.
one of the standard templates of three corrective structure combinations that can form triple three corrections == this particular one is a double three wave W followed by the first wave X being a zigzag . Likewise as the wave W, the wave Y is a double three. This is followed by a zigzag second wave X connector. The wave Z ends with another double three.
now I want to compare my chart with upper conditions:
The corrective structures are labeled as WXYXZ. They are an 11 swing structure== I was able to find 10 swing structures and I think that we are on the eleventh swing (Wave (Z)).
The subdivision of wave W, wave Y, and wave Z can be a zigzag , a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle == our waves have these shapes.
Wave W is a double three Wave == the wave (W) is a double three Wave✅ // Any three ✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W == Wave (X1) has complied.✅
Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three == Wave (Y) has complied. ✅// The wave (Y) is a double three Wave✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave Y == Wave (X2) Has retraced 161.8%, it Has not complied but I am talking about the standard template ❌ //Any three ✅
The second wave X(X2) structure does not have be the same structure as the first wave X(X1) == This item has complied ✅
The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.== The wave (Z) ends with another double three.// My aim 🎯
If you read my explanation carefully, you will know that my counting waves are really close to one of the standard templates of three corrective structure combinations that can form triple three corrections.
Where is the end of Wave (Z) ?!
My idea: Structure of Wave (Z) is (Flat 3-3-5), and I think that we are on microwave C or B of microwave ((Y)) of Wave (Z).
The End of Wave (Z) (End of Main Wave 4 == My aim🎯) :
Target 1: 41315$ until 40840$ (Monthly Resistance 1+ Fibs Cluster)
Target 2: 43400$ (The Wave (Z) target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave (W))/ If Price goes up more than 43400$, my counting waves will fail❗️.
Similarities that we are seeing on my post 👇, verify my counting waves too:
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way.// my idea, BTC will see less than 28800$ //Over 43780$ my Counting waves will fail and we can think about buying coins. Thanks for reading this Long text🙏💐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
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Head and Shoulders Festival 🎪 Is Head and shoulder pattern uploading Again ❗️❓ Timeframe 4H⏰
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New post Timeframe 15min⏰
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New Post: Bitcoin Analyze (Daily Timeframe & Road map)!!!🗺️
Dadash k kam daram be in natije miresam accounte Mr. Whale tu twitter khodeti :-D unam ajib dhadidan esrar dare bitcoin mirese be zire 10k
pejman_zwin
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@alirezakohany, 😀😀, shayad aslan satoshi yek irani bashe, baraye rad gom koni inja biad tahlil bezare 😀😀.
be nazaram dalili baraye afzasyesh nist be khosos fudamentali..bayad ye akhbar dorost hesabi vaghei biad ke hanoz etefagh nayoftade.
cantremeber
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Very impressive, if for nothing else, breaking down all those smaller waves and still having an easily readable chart....but great analysis as well, very detailed! Regretfully my EW skills are not advanced enough to fully critique your thoughts. However, I do agree with the concept (until price shows otherwise), that we are in wave 4 and searching for a top. If this is the case, the bottom of wave 1 provides a ceiling, and the large retracement of wave 2 (~70%) is not only an indication that wave 4 should retrace less (seemingly has to), but also gave us a descending trendline from the ATH, which wave 4 has now moved into range of touching. Personally, I'm satisfied with the retrace that wave 4 has already accomplished, although it has wicked beyond the .382 at times, it has always seemed to find its way back to that area by the close of day.....but If the market can push price up to the 50% mark at about 44180, and it happened today or maybe tomorrow it could get itself a second touch on that trendline....although that would create a new high, I'd be fine with that and likely still maintain a bearish outlook. Time will tell...Nice work, Thank you for sharing!
pejman_zwin
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@cantremeber, really thanks for your explanation. I tried to work hard on our chart, I hope that is useful for us.