BitcoinLong
BTC Bullish Wave Count
-Prices may vary dramatically
-Times should have less of a margin of error
-Waves counts are the main focus here
I always have bearish and bullish ideas for wave counts, but from this perspective I would expect a clear 5 wave move higher here, with 2 clear ABC corrective waves on the way (blue highlighter)
The most recent move off the high (wave 3-4) has satisfied all of my criteria for a standard ABC corrective pattern.
The 5th and final wave typically has the largest and most volatile moves, which is another difference between my wave system and Elliot Waves.
-Times should have less of a margin of error
-Waves counts are the main focus here
I always have bearish and bullish ideas for wave counts, but from this perspective I would expect a clear 5 wave move higher here, with 2 clear ABC corrective waves on the way (blue highlighter)
The most recent move off the high (wave 3-4) has satisfied all of my criteria for a standard ABC corrective pattern.
The 5th and final wave typically has the largest and most volatile moves, which is another difference between my wave system and Elliot Waves.
Note
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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.