I was always turned away from Elliott Wave Theory by other crypto analysts and traders, but after reading the "personalities" and psychology behind each wave, and saw how well the targets matched up with 
BTCUSD recently, that I am increasingly convinced that Bitcoin is in wave 3 and is trying to decide if the wave will extend, or complete and retrace.
If wave 3 does complete around current levels, an extended wave 5 is expected instead. This is the idea I am following, along with the math and psychology to back it all up.
BTCUSD recently, that I am increasingly convinced that Bitcoin is in wave 3 and is trying to decide if the wave will extend, or complete and retrace.If wave 3 does complete around current levels, an extended wave 5 is expected instead. This is the idea I am following, along with the math and psychology to back it all up.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.