BitcoinLong
BTC Elliott Wave count
I show two possible wave (5) endings. It is possible that an extended (5) could occur.
Notice that waves 1,2,3,4 touch the channel perfectly.
Wave 4 tags the 0.5 fib (linear) and such I show the algo targets.
The wave (2) count can be counted differently. It is something I ran with.
This count solves the alternation issue, as now there is Sideways (2) and Sharp (4) alternation. Plus there is a complex wave (2) and a simple correction (4) alternation.
Wave (3) is 1.618 of wave (1) adding faith that it is a wave (3).
Notice that waves 1,2,3,4 touch the channel perfectly.
Wave 4 tags the 0.5 fib (linear) and such I show the algo targets.
The wave (2) count can be counted differently. It is something I ran with.
This count solves the alternation issue, as now there is Sideways (2) and Sharp (4) alternation. Plus there is a complex wave (2) and a simple correction (4) alternation.
Wave (3) is 1.618 of wave (1) adding faith that it is a wave (3).
Note
Note that even though the chart is in log scale, the fibonacci is in linear scale for the 0.5 fib.
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