If the end of wave 4 intersects the end of wave B of 3(BLUE LINE), the analysis is invalid...
#Update 1 Daily HEW Method This is a pessimistic scenario for Bitcoin . It is very unlikely that this scenario will happen, but for Bitcoin traders, especially holders, I suggest that they consider this scenario.
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btc is going through fateful days after a correction zigzag.If it cant exceed the level of 60k, it means that this current wave is X wave., And after that we have to wait for another zigzag correction and break the floor of 41 thousand
btc has started its C wave from 5 harmonic impulses with target 50300 !!!!!!
BTC has completed its 3rd impulse wave And is now passing the B branch of wave4.After touching the yellow box, wave 4 is completed And have to wait for the start of wave 5 of the harmonic impulse.At this stage, it will first correct up to 51,000 (wave a).It will then go up to the range of 56,000 (wave b).And at the end of the current correction will fall to the...
After completing a correction triangle, Ada made an upward correction wave And there are two scenarios for it. First, this is a X-wave of a wave of a composite structure Second, wave 1 is made of harmonic impulse
Buy it and keep it until the blue box. sol made a zigzag and it will not be further corrected at this time.Unless it cant pass through the blue box (the created wave is X wave)In this case, have to wait for a double zigzag or a triple zigzag
the end of branch5 of wave3 and ready to make wave4
short and wait to touch50000..................................................................
wait a little more and jump!....................................
buy and hold and enjoy it.......................................
buy and hold and enjoy it.......................................
ok . I analyzed this chart once in the classical way and once in the Elliott harmonic wave. And finally I combined each of the two and came to this analysis We will see what the correct count and its combination with classical analysis will yield. 26 march 2021
Gold went one more leg down and killed premature wave i & ii. However it remained on the edge of higher degree count and strong resistance 1250 hold so far. Recovery from 1250 looks like five waves, so we need one more 5 waves move to around 1265 now
There is no considerable update until from last update. Cycles I follow are very bearish for the upcoming weeks. So I am some cautious. Better just watch this market from outside
Even though pull back ratio is not perfect it looks wave iv is forming. Then we will probably complete wave v of wave (c) around 5958 or 6991. From this point we will go don to complete Wave (iv). Whenever Wave (v) of Wave of Wave completes, this market may enter a rather long bearish development
Waiting for a break to clear the outlook. Upcoming days are rather bearish on cycles. So, i am suspicious about bullish outlook however current recovery from 2.1484 has potential to base for a sharper rally.