Bitcoin Analyze (Triple Three Corrections) !!!
Updated
hello, I have to say thanks to all users that respect ideas that are even wrong (Please Respect each other🙏).
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
First, I have to say sorry for the busy chart, but I suggest to you please spend some minutes on this post, probably useful (This is just my idea).
Location🌊: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I believed that microwave 4 of main wave C ended at 41330$ == Microwave 4 was like Descending Triangle, but when the upper line of Descending Triangle has broken yesterday, as I said in my previous post ''If price breaks our triangle (to up), probably microwave 4 will be the Triple Three Corrections type (WXYXZ)''. now, we lost Triangle and I think that we have a Triple Three Corrections.
What is my aim🎯? Answer: I want to find the end of microwave 4 of main wave C or where will microwave 5 of main wave C start ?!
I want to say some of the necessary concepts for Triple Three Corrections and then compare them with our chart's conditions (Let's go):
The corrective structures are labeled as WXYXZ. The corrective structures are labeled as WXYXZ. They are an 11 swing structure. The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle.
The Fibonacci ratio relationships are as follows. Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W.Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three. The second wave X will retrace the wave Y in the same aforementioned Fibonacci retracement levels as it did the wave W. The second wave X structure does not have be the same structure as the first wave X. The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.
one of the standard templates of three corrective structure combinations that can form triple three corrections == this particular one is a double three wave W followed by the first wave X being a zigzag. Likewise as the wave W, the wave Y is a double three. This is followed by a zigzag second wave X connector. The wave Z ends with another double three.
now I want to compare my chart with upper conditions:
The corrective structures are labeled as WXYXZ. They are an 11 swing structure== I was able to find 10 swing structures and I think that we are on the eleventh swing (Wave (Z)).
The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle == our waves have these shapes.
Wave W is a double three Wave == the wave (W) is a double three Wave✅ // Any three ✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W == Wave (X1) has complied.✅
Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three == Wave (Y) has complied. ✅// The wave (Y) is a double three Wave✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave Y == Wave (X2) Has retraced 161.8%, t Has not complied but I am talking about the standard template ❌ //Any three ✅
The second wave X(X2) structure does not have be the same structure as the first wave X(X1) == This item has complied ✅
The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.== The wave (Z) ends with another double three.// My aim 🎯
If you read my explanation carefully, you will know that my counting waves are really close to one of the standard templates of three corrective structure combinations that can form triple three corrections.
Where is the end of Wave (Z) ?!
My idea: Structure of Wave (Z) is (Flat 3-3-5), and I think that we are on microwave C of microwave ((Y)) of Wave (Z). Wave C terminates just slightly beyond the end of wave A at around 113% to 127.2% (Standard).
The End of wave C or the End of Wave (Z) (End of Main Wave 4 == My aim🎯) :
Target 1: 36370$ == (113% Wave A) // 37320$ (127.2% Wave A ) // 37555$ is Yearly Resistance 1.
Target 2: 41280$ until 40290$ (Resistance + Cluster of Fibs+ Topline of the upper channel + upeer line of Bearish 🦇Bat🦇 Harmonic Pattern ( we have this pattern on this zone))
Support zone: 31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. Over 43780$ our counting waves will fail and we can think about buying coins. Thanks for reading this Long text🙏💐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
First, I have to say sorry for the busy chart, but I suggest to you please spend some minutes on this post, probably useful (This is just my idea).
Location🌊: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I believed that microwave 4 of main wave C ended at 41330$ == Microwave 4 was like Descending Triangle, but when the upper line of Descending Triangle has broken yesterday, as I said in my previous post ''If price breaks our triangle (to up), probably microwave 4 will be the Triple Three Corrections type (WXYXZ)''. now, we lost Triangle and I think that we have a Triple Three Corrections.
What is my aim🎯? Answer: I want to find the end of microwave 4 of main wave C or where will microwave 5 of main wave C start ?!
I want to say some of the necessary concepts for Triple Three Corrections and then compare them with our chart's conditions (Let's go):
The corrective structures are labeled as WXYXZ. The corrective structures are labeled as WXYXZ. They are an 11 swing structure. The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle.
The Fibonacci ratio relationships are as follows. Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W.Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three. The second wave X will retrace the wave Y in the same aforementioned Fibonacci retracement levels as it did the wave W. The second wave X structure does not have be the same structure as the first wave X. The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.
one of the standard templates of three corrective structure combinations that can form triple three corrections == this particular one is a double three wave W followed by the first wave X being a zigzag. Likewise as the wave W, the wave Y is a double three. This is followed by a zigzag second wave X connector. The wave Z ends with another double three.
now I want to compare my chart with upper conditions:
The corrective structures are labeled as WXYXZ. They are an 11 swing structure== I was able to find 10 swing structures and I think that we are on the eleventh swing (Wave (Z)).
The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle == our waves have these shapes.
Wave W is a double three Wave == the wave (W) is a double three Wave✅ // Any three ✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave W == Wave (X1) has complied.✅
Wave Y can not pass 161.8% of wave W or it can become an impulsive wave three == Wave (Y) has complied. ✅// The wave (Y) is a double three Wave✅
Wave X will retrace anywhere from 50%, 61.8%, 78.6%, or 88.6% of wave Y == Wave (X2) Has retraced 161.8%, t Has not complied but I am talking about the standard template ❌ //Any three ✅
The second wave X(X2) structure does not have be the same structure as the first wave X(X1) == This item has complied ✅
The Wave Z target area to finish the triple three correction will be a Fibonacci extension 61.8%, 100%, or 123.6% of the wave W.== The wave (Z) ends with another double three.// My aim 🎯
If you read my explanation carefully, you will know that my counting waves are really close to one of the standard templates of three corrective structure combinations that can form triple three corrections.
Where is the end of Wave (Z) ?!
My idea: Structure of Wave (Z) is (Flat 3-3-5), and I think that we are on microwave C of microwave ((Y)) of Wave (Z). Wave C terminates just slightly beyond the end of wave A at around 113% to 127.2% (Standard).
The End of wave C or the End of Wave (Z) (End of Main Wave 4 == My aim🎯) :
Target 1: 36370$ == (113% Wave A) // 37320$ (127.2% Wave A ) // 37555$ is Yearly Resistance 1.
Target 2: 41280$ until 40290$ (Resistance + Cluster of Fibs+ Topline of the upper channel + upeer line of Bearish 🦇Bat🦇 Harmonic Pattern ( we have this pattern on this zone))
Support zone: 31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. Over 43780$ our counting waves will fail and we can think about buying coins. Thanks for reading this Long text🙏💐.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Note
Counting waves 🌊
Note
End of Wave (Z), and microwave 5 of the main wave C has activated ❗️
Note
New post: Bitcoin Analyze (Two Descending Triangle)!!!
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📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
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