Elongated Impulse Wave (Third Wave Extension)
Updated
Hi everyone,
On Jan 24, I pointed out that the BTC "had reached important support levels in terms of both trendlines and Wyckoff’s Law". The price has received support at the bottom. It has also been able to break 40k. A Possible scenario is shown in the chart .
Now, market is in full control and the uptrend is obvious to everyone.
Appendix
Bottom (Jan 24 Comment)
Bart Simpson (Diamond Reversal)! 🚀
On Jan 24, I pointed out that the BTC "had reached important support levels in terms of both trendlines and Wyckoff’s Law". The price has received support at the bottom. It has also been able to break 40k. A Possible scenario is shown in the chart .
Now, market is in full control and the uptrend is obvious to everyone.
Appendix
Bottom (Jan 24 Comment)
Bart Simpson (Diamond Reversal)! 🚀
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Bitcoin, stop loss (5%)= $ 43700Bitcoin, stop loss (5%)= $ 43500
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Support:$ 42850, $ 42000,
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(BTC=$ 43555), below 43855, Target $ 42200Note
If the BTC breaks 42000 level, the "corrective waves" can be counted as completeNote
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Bitcoin; Target= $ 42600
$ 41700 (possible)
$40800 (possible)
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(between) $ 43000 -$ 41700 level, the "corrective waves" can be counted as complete (wave 4).Once the correction is complete, wave 5 should begin.
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watchlistchainlink,
XLM
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as I Told you (wave 4, $ 41700 (possible)$40800 (possible) ), it has to end here.
Wave 5 > $ 47500
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primary trend,Wave 1 ($ 35538 to 39265)= $ 3724
Wave 2 = 3015
Wave 3 (36250 to 45821)= 9571 (*Third Wave Extension, this idea,* wave1 (36250) to wave 5 (top 45821),can be counted as complete)
Wave 4 (=corrective waves of Third Wave Extension (45821 to 41419))= 4402 (possible),
Wave 5=
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Target= $ 48672Note
The use of elliot-wave counting is one of the ways for increasing the accuracy.in my idea, the following assumptions are made:
1-Impulse with Extension
2-Third Wave Extension
This is a good place to buy ** if you understand the potential ahead for wave 5**
Target (wave 5)= $ 48672
Do I make myself clear?
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Following the Wrong People Will Now Cost You Dearly!They are going up and down, (morning-target= $ 150,000, night-target= $ 15000)
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Bitcoin Slips Below 43K as Ukraine Shadows Financial Markets, Personally: The U.S. does not start fights. They (Russia and the U.S. over Ukraine) maintain their strength, in order to maintain peace.
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