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Bitcoin Mesured Move Down Legs 1&2
After the complex Head & Shoulders now holding we can now apply some targets for a tenuous "measured move down" for the pattern!
Calculations below for WXY if that's what we are forming as an Elliott Wave correction for Wave(2) :-
Leg 1 : (31035 - 26891) = 4054
(4054/31035) x 100 = 13.06%
29851 - (29851 x 13.06%) = $25952
Leg 2 : (29851 - 25800) = 4051
(4051/29851) x 100 = 13.57%
27478 - (27478 x 13.57%) = $23749
Calculations below for WXY if that's what we are forming as an Elliott Wave correction for Wave(2) :-
Leg 1 : (31035 - 26891) = 4054
(4054/31035) x 100 = 13.06%
29851 - (29851 x 13.06%) = $25952
Leg 2 : (29851 - 25800) = 4051
(4051/29851) x 100 = 13.57%
27478 - (27478 x 13.57%) = $23749
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