#TeraWulf revealed a three-wave sequence as a final decline in wave (v) of the ending diagonal wave ((c)) this week. The entire pattern as the leading diagonal wave (A) should have ended quite well by an expanding diagonal as wave((c)), which finally seems to have found its extreme point on the diagonal (A)'s boundary line >> 2.26. So, today's low might be quite well respected as a significant extreme & reversal point.
>> There is no redline for the
WULF's analysis in my view since the Intermediate degree wave (A) that's expanded in a leading diagonal would be considered well as an initial subdivision of an ongoing correction in one larger degree to the downside.
The following retracement of 78.6% in a three-wave sequence as a countertrend advance of the same degree wave (B) would lie ahead soon.
#CryptoStocks #WULF #BTCMining #Bitcoin #BTC
>> There is no redline for the
WULF's analysis in my view since the Intermediate degree wave (A) that's expanded in a leading diagonal would be considered well as an initial subdivision of an ongoing correction in one larger degree to the downside.The following retracement of 78.6% in a three-wave sequence as a countertrend advance of the same degree wave (B) would lie ahead soon.
#CryptoStocks #WULF #BTCMining #Bitcoin #BTC
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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.