BTCUSD possible Elliot wave counts, are we heading towards 10k ?Hello Friends
Here we had shared possible Elliot wave counts of BTCUSD bitcoin which are aligned from weekly to daily and daily to 4 hourly, so conviction is getting more stronger due to alignment of multi time frame's wave counts.
From the starting point of BTCUSD we had tried to plot wave counts and it's showing that we are now near to complete correction phase as A-B and C, on completion of wave C whole correction wave cycle as a wave (2) must be complete, so after A-B now we are in C wave which should unfold in five subdivisions, in which we had completed 1st , 2nd, 3rd and now 4th wave of C, and now possibly we have started to unfold final wave 5th of C, in which we are near to complete one degree lower wave 1 of 5th wave of wave C of bigger wave (2). As per Fibonacci and Elliot wave measurements we can assume that we can witness new fresh lower lows compare to previous lows.
Question clicking in mind that, are we heading towards 10k ? God only knows. Post correction fresh impulse should start as a fresh journey towards north.
In current scenario if price give some rally upwards which can be part of wave 2, which should not retrace 100% of wave 1, One can find shorting opportunity on rise only, along with invalidation level of swing high of initial point of wave 1 which is pegged at 25271 as a selling stop loss.we are not responsible for any kinds of your profits and your losses.
My studies are for educational purpose only, please note this is not any type of tips or advisory, I am not sebi registered analyst or advisor, please consult your financial advisor before trading or investing.
we are not responsible for any kinds of your profits and your losses.
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
