Tommy_Trader

Bitcoin closer look into the corrective wave structrure

BITMEX:XBTUSD.P   Bitcoin
Here is my Elliot wave counting. I am currently considering expanded flat correction. When wave B doesn’t go higher than 1.328 fib extension of wave A, we can consider the wave structure as extended flat. This corrective wave tends to be formed with 3-3-5 rather than 5-3-5 structure. Usually, wave C is targeted by extending wave A from the start point of wave B by 1:1 and 1:1.618

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