Dear readers,
I have here 2 completly valid wave counts as on current price print on BTCUSDT.
If we take into count all the fibonacci correlation then we should think that scenario 2 (the bearisch scenario) is more likely.
If we are trading the bearisch scenario, I'm targetting the 100% to 161.8% of wave AB. If we trade the bullisch scenario, then i'm expecting more longs towards the 63K.
However, both wave counts are valid. It is just the wave 4 on scenario 1 that bothers me as it goes slightly beyond the 50%. Which depends on certain study's. There are some approaches on elliot counts that a wave 4 never can go into a deeper correction as 50%. Since also the weekly chart give me signs of topping of on wave 3, it is good possible that we made a perfect irregular flat or irregular expanding corrective wave on the daily (rare) Sinde the B top exactly dropped off from the 123.6% Retracementlevel of wave A, and the inner C wave of the ABC move towards the B exactly topped of at 161.8%.
So I was doing my webinar for my pupils yesterday, and I became into a headbreaking tank... and saw almost 2 counts with a validation of more then 95% certainity, so if anyone can help me to solve the last 5%, highly appreciated!
So if you can read this chart properly, and have any ideas regarding this topic. Please comment and let me know! Much aprreciated!
I have here 2 completly valid wave counts as on current price print on BTCUSDT.
If we take into count all the fibonacci correlation then we should think that scenario 2 (the bearisch scenario) is more likely.
If we are trading the bearisch scenario, I'm targetting the 100% to 161.8% of wave AB. If we trade the bullisch scenario, then i'm expecting more longs towards the 63K.
However, both wave counts are valid. It is just the wave 4 on scenario 1 that bothers me as it goes slightly beyond the 50%. Which depends on certain study's. There are some approaches on elliot counts that a wave 4 never can go into a deeper correction as 50%. Since also the weekly chart give me signs of topping of on wave 3, it is good possible that we made a perfect irregular flat or irregular expanding corrective wave on the daily (rare) Sinde the B top exactly dropped off from the 123.6% Retracementlevel of wave A, and the inner C wave of the ABC move towards the B exactly topped of at 161.8%.
So I was doing my webinar for my pupils yesterday, and I became into a headbreaking tank... and saw almost 2 counts with a validation of more then 95% certainity, so if anyone can help me to solve the last 5%, highly appreciated!
So if you can read this chart properly, and have any ideas regarding this topic. Please comment and let me know! Much aprreciated!
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twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
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.
Follow my Daily Crypto livestreams on Twitch;
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
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.