Hi Guys,
Lets start 1st post here with global BTC EW chart and go step by step:
Wave 1 - no question, clear 5
Wave 2 - no question, clear zigzag
Wave 3 - no question, clear impulsive and sharp 5 with ending diagonal in 5 of 3
Wave 4 - it is the place where doubts start. For me its irregular flat with clear inner structure 3-3-5. Invalidation level 13750 (zone of Wave 1) was not touched.
So my STRONG assumption that Wave 5 is developing right now. We had clear 5w structure in 1 of 5, also we already had wave 1 of 3 of 5 and now I assume that wave 2 of 3 of 5 is completed.
Next we should let the market make its move
If price will go below 24700 - probably I will review my scenario
Always remember about Risk Managment. Nobody can predict markets 100% of time, but with proper RM and patience you will earn money anyway on a long distance.
Your Paulo:)
Lets start 1st post here with global BTC EW chart and go step by step:
Wave 1 - no question, clear 5
Wave 2 - no question, clear zigzag
Wave 3 - no question, clear impulsive and sharp 5 with ending diagonal in 5 of 3
Wave 4 - it is the place where doubts start. For me its irregular flat with clear inner structure 3-3-5. Invalidation level 13750 (zone of Wave 1) was not touched.
So my STRONG assumption that Wave 5 is developing right now. We had clear 5w structure in 1 of 5, also we already had wave 1 of 3 of 5 and now I assume that wave 2 of 3 of 5 is completed.
Next we should let the market make its move
If price will go below 24700 - probably I will review my scenario
Always remember about Risk Managment. Nobody can predict markets 100% of time, but with proper RM and patience you will earn money anyway on a long distance.
Your Paulo:)
In Elliot Wave+Fibo+Liquidity patterns we trust!
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In Elliot Wave+Fibo+Liquidity patterns we trust!
Keep it simple
Follow me on X more more Charting and Ideas
Keep it simple
Follow me on X more more Charting and Ideas
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.