triangles are very rare in this cycle so very low probability, also WXY less probable because of the length of C being longer then A+B in the wave X, its likely ABC, either one more low in a C of 5 in a diagonal or up we go from here
Couldn't it be a leading diagonal that ended with the zig zag move to 64k and we're seeing the large 3rd wave to the downside? That's what I'm seeing at least. Using fib I expect a bottom at 54.7k with a wick to 53k. If we go lower we're in trouble...
I think keeping it simple is going to be the best. Either way, we should be looking for a wave 4 termination if we are still inclined to believe the wave 4 of the larger degree is still in play. We should in fact assume that a wave 4 is in play just from a risk reward perspective. It's difficult to be a bull or bear at this current stage!
This aged very well, just overnight 🤓
triangles are very rare in this cycle so very low probability, also WXY less probable because of the length of C being longer then A+B in the wave X, its likely ABC, either one more low in a C of 5 in a diagonal or up we go from here
Couldn't it be a leading diagonal that ended with the zig zag move to 64k and we're seeing the large 3rd wave to the downside? That's what I'm seeing at least. Using fib I expect a bottom at 54.7k with a wick to 53k. If we go lower we're in trouble...
man i found ur channel today ❤ very informative n well explained, really harf to find EW analysts
Thank you very much 👋👋👋
please keep uploading btc analysis videos to keep viewers engaged with ur channel
Fantastic analysis, thanks!
Thanks, hopefully that was helpful! This is a very tough range to trade!!
Very informative. Thank you very much.
I like the look of the ABC.. The move down is indeed hard... that diag you fitted in is interesting for wave C.. 👀
I think keeping it simple is going to be the best. Either way, we should be looking for a wave 4 termination if we are still inclined to believe the wave 4 of the larger degree is still in play. We should in fact assume that a wave 4 is in play just from a risk reward perspective. It's difficult to be a bull or bear at this current stage!