wsbza

short-term bullish count

wsbza Updated   
KRAKEN:ZECUSD   Zcash
if first blue A-B-C = (A) or (W), second blue A-B-C=(B) or (X), then we can expect wave (C) or (Y) to follow.

e.g. Green 1-2-3-4-5 = (C) or pink A-B-C = (Y)

We know that
  • Wave (C) of a flat usually between 100% and 165% as long as wave (A)
  • Wave (Y) of a double zigzag often about the same length as wave (W) (or common Fibonacci ratio o.618 or 1.618)

Both cases suggest $60.96 could be the bullish target, a more conservative target could be re-test the end of first blue wave C at $58.50

Also just be aware that we cannot rule out other complex structures at this stage, e.g. first blue A-B-C = (A) second blue A-B-C = A of (B) etc etc ...
Comment:
Comment:

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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