BTC - For the Elliot Wave Idealists

So in the past few weeks, a couple of people have questioned whether this is a grand impulse wave down, annoyed by the fact that wave 4 would have to go into wave 1 territory. I've updated my chart to show an ABC correction after an impulse up to 19.9k. The outcome that is applicable over the next few weeks doesn't change much, as I have been saying.

In an ABC correction, wave C tends to correct to the wave 4 bottom of the impulse up (see Nov 2017 low, point ). Therefore, wave C may likely go to 5.4k ... and a double bottom test of 6k is also possible. Both for me are credible end points, before the market sentiment changes. Many are switching their tune based on the bull euphoria right now ... but is it a bull trap. Some wary investors are not satisfied with wave C ending at 6425, above wave A (6000). To complete the correction, technically wave C should at least retrace to the 6k level.

Another point is ... is wave B over? Possibly not, it could retrace up to the all time trend line 1, that would be a real bull trap! Given this is likely an ABC correction now (referring to mini wave), it doesn't change my expected bottom for wave C.

Let's see.

Remember only a fool relies on one potential outcome.

Do not rely on this information for investment decisions. For educational purposes only.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出