A big zigzag wave (ABC) with an elongated "C' wave. Let's dive into the 'c' wave.
wave 1 - expanded leading edge diagonal
wave 2 - retraced 61.8% of wave 1.
wave 3 - a subdivided 5 wave counted
wave (1) - leading edge diagonal
wave (2) - zigzag
wave (3) - extended wave
wave (4) - contracting triangle
wave (5) - extended wave
wave 4 - double three (WXY)
wave W - zigzag
wave X - flat
wave Y - contracting triangle
Note that there are alternations among three waves. Retraced 0.236 of wave 3.
wave 5 - an impulsive wave, 0.618 of wave 1.
The correction should be over. And we should see a new record price of bitcoin.
wave 1 - expanded leading edge diagonal
wave 2 - retraced 61.8% of wave 1.
wave 3 - a subdivided 5 wave counted
wave (1) - leading edge diagonal
wave (2) - zigzag
wave (3) - extended wave
wave (4) - contracting triangle
wave (5) - extended wave
wave 4 - double three (WXY)
wave W - zigzag
wave X - flat
wave Y - contracting triangle
Note that there are alternations among three waves. Retraced 0.236 of wave 3.
wave 5 - an impulsive wave, 0.618 of wave 1.
The correction should be over. And we should see a new record price of bitcoin.
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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.
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.