BTC - Where we exactly are? & The next possible Big Moves of BTC
When you have a Dia formation, and wave "G" has finished, what can be expected afterward (price and time)?
ANSWER:
This is a "high level" question, so if you are not serious about wave theory, don't continue.
The post-pattern action following a Dia is not dependent on the Dia itself (as with most other wave formations), but relies on the larger pattern the Dia concludes. For example, did the Dia end wave-A of a larger Flat or Triangle; was it wave-2, wave-4, wave-x, etc.
In order of priority, these are the things you can expect following wave-G of a Dia. The wave right after wave-G will be larger and faster than any "same direction" leg that occurred during wave-G. Next, if that post-G-wave is also larger and faster than waves-B, D and F within the Dia, then the Dia ends a single leg of a larger formation.
If the move after wave-G is not larger and faster than waves-B, D and F, then an X-wave is probably forming. Otherwise, the Dia will be one leg of a larger, ongoing pattern OR it will be wave-1 or 3 of a Terminal formation.
-------------------------------------------
So What does it mean ?
It means, We can expect 2 Scenario)
1st: This Dia itself was Wave 1 of an impulse wave (a Huge Terminal Probably) (Low possibility for this scenario)
That's why we are in correction for +280 Days
yes it can be the wave 2 which is happening now
Its not X, Coz X Itself can not be +0.618 of G , but this is
2nd: This Dia itself can be A - ABCDE - of a Triangle (Higher Possibility in my opinion)
In Both Scenarios - We Should count the waves by ABC, not by 12345 - coz Dias are definitely corrective formations. and we are in 2nd wave(for 1st scenario) or B of a Triangle
Which in both case is ABC or ABCDE or whatever xD
If u ask me
this was the End of G (59.9k)
Not the 64.9k
----
Some Related ideas
---
I ll update this later when the time comes
Whats your opinion for this idea? Agree? or have another Scenario in Mind ? If u want, u can always share it here xD
ANSWER:
This is a "high level" question, so if you are not serious about wave theory, don't continue.
The post-pattern action following a Dia is not dependent on the Dia itself (as with most other wave formations), but relies on the larger pattern the Dia concludes. For example, did the Dia end wave-A of a larger Flat or Triangle; was it wave-2, wave-4, wave-x, etc.
In order of priority, these are the things you can expect following wave-G of a Dia. The wave right after wave-G will be larger and faster than any "same direction" leg that occurred during wave-G. Next, if that post-G-wave is also larger and faster than waves-B, D and F within the Dia, then the Dia ends a single leg of a larger formation.
If the move after wave-G is not larger and faster than waves-B, D and F, then an X-wave is probably forming. Otherwise, the Dia will be one leg of a larger, ongoing pattern OR it will be wave-1 or 3 of a Terminal formation.
-------------------------------------------
So What does it mean ?
It means, We can expect 2 Scenario)
1st: This Dia itself was Wave 1 of an impulse wave (a Huge Terminal Probably) (Low possibility for this scenario)
That's why we are in correction for +280 Days
yes it can be the wave 2 which is happening now
Its not X, Coz X Itself can not be +0.618 of G , but this is
2nd: This Dia itself can be A - ABCDE - of a Triangle (Higher Possibility in my opinion)
In Both Scenarios - We Should count the waves by ABC, not by 12345 - coz Dias are definitely corrective formations. and we are in 2nd wave(for 1st scenario) or B of a Triangle
Which in both case is ABC or ABCDE or whatever xD
If u ask me
this was the End of G (59.9k)
Not the 64.9k
----
Some Related ideas
---
I ll update this later when the time comes
Whats your opinion for this idea? Agree? or have another Scenario in Mind ? If u want, u can always share it here xD
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.