Shib Elliott Wave Analysis
Going to be keeping a couple variants on the same chart until there is some, IMO, more clarity.
Its similar to Bitcoin, in the way that there is a large corrective structure as the the 2/B.
Being such a large, in time, structure, I would be looking for something of similar degree.
This could be obtained by a sharp deep correction in price, or a sideway correction
of similar time before i would consider it the same degree.
On the chart are the possible counts I am looking at.
They do have some ideal fib relations in common in the area, marked on chart.
The deeper it goes, the more possibilities are knock off the table as possible counts.
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Cheers!
Its similar to Bitcoin, in the way that there is a large corrective structure as the the 2/B.
Being such a large, in time, structure, I would be looking for something of similar degree.
This could be obtained by a sharp deep correction in price, or a sideway correction
of similar time before i would consider it the same degree.
On the chart are the possible counts I am looking at.
They do have some ideal fib relations in common in the area, marked on chart.
The deeper it goes, the more possibilities are knock off the table as possible counts.
Trade Safe!
To learn more about Elliott Wave, give a follow!
Cheers!
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Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
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