BitcoinLong
Which wave are we on?
Which wave are we on? The black circled wave is the current wave, and its characteristics will determine which wave we are on.
As you can see, the yellow circle denotes subwave 1. Will the current wave look like the yellow with one more wave down? If so this is a 5 wave down, therefore the blue wave is the correct wave.
If the current wave is much longer and more prominent and retraces much higher, then it's likely we are on the green wave.
As you can see, the yellow circle denotes subwave 1. Will the current wave look like the yellow with one more wave down? If so this is a 5 wave down, therefore the blue wave is the correct wave.
If the current wave is much longer and more prominent and retraces much higher, then it's likely we are on the green wave.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.