Last night BTCUSD drop sharply towards a critical level in the daily time-frame. Wave iv retracing wave ii by 40% within the larger expanding diagonal wave c. If the invalidation level 3300 (bottom of wave ii) holds, expect a corrective advance wave v towards the 14,000s. Anything can happen.
Wave structure has been corrective since 18th December low, typical of an expanding diagonal (not impulsive) wave c, within which, the price range where wave (iv) overlaps (ii) is where wave (iv) terminates and reversal takes place. The question is by how much wave (iv) overlaps (ii)? 50%, 61% or others? The bottom line is at the low of wave (ii) where this wave...
This pair is poised for a major wave (5) down in the daily time-frame
Long on the wave 5 of expanding diagonal (c) towards a higher high.
An impulse wave (c) down from 20 February top, heading towards the 101.00 area.
Typical multi-year complex wave 4 correction working it's way towards completion
Setting up for a short-term short on a wave c down. A good example of Fractal of Expanding Diagonal c wave within a larger Expanding Diagonal c wave.
It's been an expanding diagonal wave developing since October 2000 low, currently consolidating within fractals of expanding diagonal c wave s of smaller degrees Setup on the daily time frame:
It has been an impulse wave (c) developing since May 2000 low, currently consolidating in the middle of the complex correction (4) Setups on H3 time frame:
Setting up on daily time frame for the expanding trading ranges
An expanding diagonal wave C is in progress from the August 2000 low, currently retrending on a wave a of 4.
An EW analysis attempt of Shanghai Composite Index and it's upside potential