โโ Mine scenario
๐1W
BTCUSD
The count of the senior wave degree has not undergone major changes, you can get acquainted with it by looking at our previous forecast. Current changes: I believe that the triangle โฃ has already formed,because we have already gone very deep into the previously assumed sub-wave (B) in its structure.
๐1D
BTCUSDT
It is very likely that wave (1) of โค is completed. Further, there is a decline within the second wave of an intermediate degree, the minimum norm for which - is to go beyond the top of the previous fourth wave, roll back into the $ 30k range.
๐4h
BTCUSDT
Of course, in the case when the third wave is no longer the shortest, until the top of the fourth wave is not broken, we will consider the probability of continued growth within 5 of (1). Although, based on the concept of the ยซRight Lookยป, I would not bet on such a scenario โ because in the current form, wave 4 divides the impulse (1) in the Fibonacci ratio.
โโ Local alternative scenario
๐4h
BTCUSDT
As part of the local alternative, I consider a slightly different count of the ascending wave from the top โฃ, where the decline goes within 4 of (1), forming a Flat. With the minimum risks, it will be possible to work in long within this count, if the wave ((c)) of 4 is transformed to the Ending diagonal.
โโ Global Alternative Scenario
๐1D
BTCUSDT
What if the top of the triangle falls on September 2020? If this is true, then unfortunately, we have at least three more count's options at our disposal. The first of which is a series of the first and second waves: (1)-(2) 1-2. The second, has the probability of transforming โค of V to the ending diagonal, and, the option of counting under the number "3", gives us a reason to think about a big bear market with a decline "below a thousand" per coin.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
๐1W
BTCUSDThe count of the senior wave degree has not undergone major changes, you can get acquainted with it by looking at our previous forecast. Current changes: I believe that the triangle โฃ has already formed,because we have already gone very deep into the previously assumed sub-wave (B) in its structure.
๐1D
BTCUSDTIt is very likely that wave (1) of โค is completed. Further, there is a decline within the second wave of an intermediate degree, the minimum norm for which - is to go beyond the top of the previous fourth wave, roll back into the $ 30k range.
๐4h
BTCUSDTOf course, in the case when the third wave is no longer the shortest, until the top of the fourth wave is not broken, we will consider the probability of continued growth within 5 of (1). Although, based on the concept of the ยซRight Lookยป, I would not bet on such a scenario โ because in the current form, wave 4 divides the impulse (1) in the Fibonacci ratio.
โโ Local alternative scenario
๐4h
BTCUSDTAs part of the local alternative, I consider a slightly different count of the ascending wave from the top โฃ, where the decline goes within 4 of (1), forming a Flat. With the minimum risks, it will be possible to work in long within this count, if the wave ((c)) of 4 is transformed to the Ending diagonal.
โโ Global Alternative Scenario
๐1D
BTCUSDTWhat if the top of the triangle falls on September 2020? If this is true, then unfortunately, we have at least three more count's options at our disposal. The first of which is a series of the first and second waves: (1)-(2) 1-2. The second, has the probability of transforming โค of V to the ending diagonal, and, the option of counting under the number "3", gives us a reason to think about a big bear market with a decline "below a thousand" per coin.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
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๐ ะะตัะพะดะธัะบะฐ (Ellliott Wave Guide): t.me/elliottwaveprincipal
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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.
๐ ะะพะปััะต ะฐะฝะฐะปะธัะธะบะธ ะฒ Telegram: t.me/freetradelife
๐ ะะตัะพะดะธัะบะฐ (Ellliott Wave Guide): t.me/elliottwaveprincipal
๐ ะะธะฑะปะธะพัะตะบะฐ (Ellott Wave Archive): t.me/biblioewa
๐ Premium: t.me/freetradelife_premium
๐ ะะตัะพะดะธัะบะฐ (Ellliott Wave Guide): t.me/elliottwaveprincipal
๐ ะะธะฑะปะธะพัะตะบะฐ (Ellott Wave Archive): t.me/biblioewa
๐ Premium: t.me/freetradelife_premium
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.