BitcoinLong
BTC 4H chart - update on wyckoff accumulation/ elliot waves
Updated
Good morning traders, please see my previous analysis of the wyckoff accumulation (linked to this idea at the bottom).
I have now cleaned up my chart as it was starting to get a little bit too busy.
I have measured the fibonacci extension levels and drawn these on but removed the extensions tool and added in my predictions for price movements.
I am expecting the purple wave 3 (lower degree of waves) to complete around the purple 161.8% level.
I'm fairly new here, so would appreciate your support with Likes and comments.
If you have any questions about my analysis send them in the comments.
Happy trading
I have now cleaned up my chart as it was starting to get a little bit too busy.
I have measured the fibonacci extension levels and drawn these on but removed the extensions tool and added in my predictions for price movements.
I am expecting the purple wave 3 (lower degree of waves) to complete around the purple 161.8% level.
I'm fairly new here, so would appreciate your support with Likes and comments.
If you have any questions about my analysis send them in the comments.
Happy trading
Note
Ive added in a fibbonacci channel to also help with identifying future price movements.
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