Elliot Wave BTCUSD
Well Hello there.
1-This is the best count i could come up with after analyzing the chart for 3 hours straight.
2-i did try to break things down to the 1 minute chart to make sure every impulsive and correction waves
obey every detail of the EW rulebook
3-we can see that wave 4 of 5 and wave wave 1 of 5 overlap by a tiny percent (wick for wick) you know BTC is
highly leveraged so up to 15% is allowed and the overlap did not last more than 15 minutes so i'm going to
accept this exception, the same overlap occured between minute wave 1 if subwave 5 of primary wave 5 (in green)
and wave 4 of same degree.
4-the 5 wave structure of wave (A) are pretty obvious and perfectly bounced of the 38.2% FIB ratio and same area
as primary wave 4
5-Now we should see a small uptrend towards Wave B witht the price predicted give or take offcourse
6-i'm assuming Wave C will retrace back to the 61.8% Fib Ratio around the 8 k region (+)or(-)100$
For wave B price Reach it Depends on what correction we will see,
personally i would prefer to see a zigzag pattern which leads me to
think a retracement to around the 8.6-8.7k area is fair enough.
**If you are into time cycles i can see this correction ending during the first week of april
Like and follow for more charts and i'm happy to break things down for you on smaller details upon request
1-This is the best count i could come up with after analyzing the chart for 3 hours straight.
2-i did try to break things down to the 1 minute chart to make sure every impulsive and correction waves
obey every detail of the EW rulebook
3-we can see that wave 4 of 5 and wave wave 1 of 5 overlap by a tiny percent (wick for wick) you know BTC is
highly leveraged so up to 15% is allowed and the overlap did not last more than 15 minutes so i'm going to
accept this exception, the same overlap occured between minute wave 1 if subwave 5 of primary wave 5 (in green)
and wave 4 of same degree.
4-the 5 wave structure of wave (A) are pretty obvious and perfectly bounced of the 38.2% FIB ratio and same area
as primary wave 4
5-Now we should see a small uptrend towards Wave B witht the price predicted give or take offcourse
6-i'm assuming Wave C will retrace back to the 61.8% Fib Ratio around the 8 k region (+)or(-)100$
For wave B price Reach it Depends on what correction we will see,
personally i would prefer to see a zigzag pattern which leads me to
think a retracement to around the 8.6-8.7k area is fair enough.
**If you are into time cycles i can see this correction ending during the first week of april
Like and follow for more charts and i'm happy to break things down for you on smaller details upon request
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