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Correct Counting
Bitcoin
Long
Correct Counting
By BTC-XLM
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Updated
Feb 19, 2022
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Cheer
Cheer
Feb 19, 2022
Hi everyone.
As you can see in the chart, Wave A = $ 35400, what might this be? Motive phase (Wave 2, Wave 4)? or Corrective phase?
A More Realistic Wave Depiction:
1- Wave A= Wave X = Wave 2 (incorrect)
2- Wave A = Wave 4 (incorrect)
Wave 4 is related to Wave 3 by one of the following:
Wave 4 = either 24%, 38% or 50% of Wave 3
Wave 4 = 35400 -- 50%--> Wave 3 = 70800 (incorrect)
Wave 4 = 35400 -- 38%--> Wave 3 = 93157 (incorrect)
Wave 4 = 35400 -- 24%--> Wave 3 = 126428 (incorrect)
3- Wave A = Corrective phase (correct)
As a result: the "Corrective phase - Wave ABC" can be counted as complete
Feb 19, 2022
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market does not listen to your logic, it goes on its own way
Feb 19, 2022
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Feb 19, 2022
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Feb 19, 2022
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Bitcoin (Cryptocurrency)
BTCUSD
BTCUSDT
Fundamental Analysis
Trend Analysis
BTC-XLM
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