Bitcoin closer look into the corrective wave structrure
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Here is my Elliot wave counting. I am currently considering expanded flat correction. When wave B doesn’t go higher than 1.328 fib extension of wave A, we can consider the wave structure as extended flat. This corrective wave tends to be formed with 3-3-5 rather than 5-3-5 structure. Usually, wave C is targeted by extending wave A from the start point of wave B by 1:1 and 1:1.618
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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.