Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Correct Counting
Bitcoin
Long
Correct Counting
By BTC-XLM
Follow
Follow
Updated
Feb 19, 2022
1
2
Feb 19, 2022
Hi everyone.
As you can see in the chart, Wave A = $ 35400, what might this be? Motive phase (Wave 2, Wave 4)? or Corrective phase?
A More Realistic Wave Depiction:
1- Wave A= Wave X = Wave 2 (incorrect)
2- Wave A = Wave 4 (incorrect)
Wave 4 is related to Wave 3 by one of the following:
Wave 4 = either 24%, 38% or 50% of Wave 3
Wave 4 = 35400 -- 50%--> Wave 3 = 70800 (incorrect)
Wave 4 = 35400 -- 38%--> Wave 3 = 93157 (incorrect)
Wave 4 = 35400 -- 24%--> Wave 3 = 126428 (incorrect)
3- Wave A = Corrective phase (correct)
As a result: the "Corrective phase - Wave ABC" can be counted as complete
Feb 19, 2022
Note
market does not listen to your logic, it goes on its own way
Feb 19, 2022
Note
Feb 19, 2022
Note
Feb 19, 2022
Note
Bitcoin (Cryptocurrency)
BTCUSD
BTCUSDT
Fundamental Analysis
Trend Analysis
BTC-XLM
Follow
Also on:
Related publications
Waves Personality (2)
by BTC-XLM
Think outside the box (Scenario No. 1)
by BTC-XLM
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
.