Hello everyone,
Today I would like to go through a scenario with you in which the Bitcoin may have found a possible bottom.
This view opens up to me, since the wave cycle for wave C seems to be complete if counted more precisely. I am assuming that waves 1 and 3 are similar, which is why wave 5 has to be the longest.
If we look at wave 4 and we count the retracement of this wave, it becomes apparent that it has retraced more than 50%, which according to Elliot Waves could lead to a possible failed fifth and thus to a higher low. This is a very rare case that I wouldn't normally trade like this, but since wave 5 has taken the form of an ending diagonal, the chances of going long here are very good. A confirmation for this count would be around 53466.35 USD for me.
This is not investment advice, just my technical expertise.
RT
Today I would like to go through a scenario with you in which the Bitcoin may have found a possible bottom.
This view opens up to me, since the wave cycle for wave C seems to be complete if counted more precisely. I am assuming that waves 1 and 3 are similar, which is why wave 5 has to be the longest.
If we look at wave 4 and we count the retracement of this wave, it becomes apparent that it has retraced more than 50%, which according to Elliot Waves could lead to a possible failed fifth and thus to a higher low. This is a very rare case that I wouldn't normally trade like this, but since wave 5 has taken the form of an ending diagonal, the chances of going long here are very good. A confirmation for this count would be around 53466.35 USD for me.
This is not investment advice, just my technical expertise.
RT
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.