It seems that Bitcoin might have completed its 3rd wave from the cycle that began at 3 K. Although there is an alternative count, the count mapped out here seems to come together at more levels.
1) yellow 3 hit 200% of yellow 1 measured on logscale.
2) white wave 3 and 5 are equal in length on linear scale (guideline of equality)
3) White wave 2 was a simple structure(zigzag), and white 4 was a complex structure (wxyz) (guideline of alternation)
4) RSI topped on white wave 3, and created divergence on 5th wave (white). there is also divergence between blue wave 3 and 5 (the subways on white wave 5)
So all in all, we could be looking for a 4th wave, that might turn in to a triangle.
1) yellow 3 hit 200% of yellow 1 measured on logscale.
2) white wave 3 and 5 are equal in length on linear scale (guideline of equality)
3) White wave 2 was a simple structure(zigzag), and white 4 was a complex structure (wxyz) (guideline of alternation)
4) RSI topped on white wave 3, and created divergence on 5th wave (white). there is also divergence between blue wave 3 and 5 (the subways on white wave 5)
So all in all, we could be looking for a 4th wave, that might turn in to a triangle.
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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.
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.