Multiple levels on the trend-based fib-extension for an expanded flat correction line up perfectly with the pattern targets for a falling wedge breakout and a proposed impending break of the parallel downtrend.
Bear with me (pun intended). I know I'll probably get some slack from the 5 wave correction counting of wave C. Most people would place the 3rd wave in June instead of May, but a few things suggest me that the 3rd wave down was actually in May:
This C wave lies at the 123.6% extension of wave A which is a common area for the Expanded Flat correction.
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Guys in my view their is no such condition to be very bullish.
In higher degree we are in wave 4 of which we have completed (a) and (b) now we are in impulsive move down, and it will be an impulse as I am sure we are in an expanding flat.
If you will have money, you will be able to put it at bottom otherwise you will...
In this update, I'm going to dive into a short analysis of Bitcoin's performance since last June, exploring three potential scenarios and their implications for both beginner and advanced traders. My aim is to provide an accessible yet technical discussion that caters to a wide range of users.
Scenario 1: Expanded Flat (BEARISH - top may be in or very close)...
This idea explores an alternative scenario for Bitcoin's price movement, considering the possibility of an expanded flat wave pattern from an Elliott Wave perspective. I will discuss the likelihood of this scenario occurring and analyze different price targets based on various projections.
Bitcoin has experienced significant price fluctuations since its...
Here's a more bullish chart for Bitcoin, should the expanded flat correction play out and take us to a new ATH:
*** This idea requires DXY to turn back and continue its downtrend, a resumed uptrend would likely negate this ***
Expanded Flat stopped just below the 1.618 on the trend-based fib measurement (logarithmic), first stop after crossing ATH and 100% would...
We may witness a fractal move of the daily chart as wave 4 of a potential bearish impulse.
A bearish expanded flat (possibly a running flat) is expected with a bearish White Swan harmonic pattern.
SL above 23300. Recommended 23350 (see the trendline right up).
TP 22400-22700.
I also predicted wave 2 would be an Elliott flat, which revealed it was not (it seems...
Is this an expanded flat, a corrective wave in the Elliott wave theory?
If so, we should already have seen a similar, possibly fractal, formation on our daily chart .
If this is the case, what will happen?
One of its consequences would be the commencement of another downtrend (I have already examined this scenario several times. see the links).
Otherwise,...
Hello
The second plan of bitcoin is a WXY wave that we're in wave B of wave C of Wave Y
We assume that the wave B of zigzag would be an expanded flat and is covering a 5 wave to complete expanded FLAT and can go 25000 higher
Then in order to complete wave C of zigzag we're supposed to have 5 wave correction
regards
reza
-BTC
Bulls are printing and bears getting rekt.
here is my ST view, BTC expandend flat:
we are now in a small wave 3, going for 4->5 ( dark yellow)
after that the bigger wave 3 is finished and we can retrace to 4 then 5 (bright yellow)
When this is finished we make new lows for btc.
*info not in the charts
/we have not hit the real bottem yet/
retail is...
Hi
As you see in the chart, BTC has been completing an Expanded FLAT during the correction and now we're in wave 5 of wave C as an Expanding diagonal
We expect to have a crash in the next days
Be careful and write to me your opinions
Hello traders
We have a bullish impulse and an extended correction pattern, and the buyers broke the last wall of the sellers. This could be the beginning of another bullish impulse
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
There have been two bull runs so far for HBAR, each forming higher levels of support above its previous lows. It appears to be consolidating above the area of the first run; similar to how it consolidated above its original lows before the 2nd run. Trend-based fib extension also has the chart consolidating above the 1.618 fib of what could be an expanded flat...
hello traders
Bitcoin's impulse wave is bearish
The previous period was correcting or preparing for another bearish wave, and now the price has reached the sellers’ area, so the bearish wave may start from here
To me, it's a selling opportunity to target 16,500 Area
This is the weekly chart. A while back I published an idea that HBAR could be completing and expanded flat correction. This is an update on that, using the weekly chart - which makes things more clear. Here's why:
1.) Trend-based fib - has us ending correction right at the 1.618 fib, which is exactly what should be expected in an expanded flat
2.) EW wave...
