Petros

ETH/ BTC - The BIG picture of current uptrend

KRAKEN:ETHXBT   ETHXBT
Here we have it: a perfect Elliott Wave in all it's glory             . This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price.

We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
Comment: One alternative to this is that a= wave 3 of a, b=wave 4 of a and therefore now we're in wave 5 of a. In this case we can expect a longer, simple zig-zag correction. Time will verify.
Could you please draw the alternative version for not good at EW?
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Petros PRO dr.Baltar
I will if this becomes the case. For now we'll stick with the primary count.
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any undate?
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Petros PRO StokyDoky
None of the primary or alternative count of wave 4 played out.

Please check out related idea for update.
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ETH/ BTC - THE BIG PICTURE OF CURRENT UPTREND - wave V target
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Please check the above idea for update.
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