BITCOIN GLOBAL CHART ELLIOT WAVE
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:)
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