abcde triangle, potential end of correction
BTC:
The price of bitcoin now draws a corrective movement within the iv wave inminute degree . We came to the conclusion that now the asset draws the format of the descending triangle abcde - the triangle of the continuation of the trend and now forms the wave (e). We all know that the price in the triangle goes in triple waves in the form of a zigzag. So wave (e) is also forming a triple. Wave a from wave (e) has a length of $ 233 if you take it from closing the candles, presumably we predicted the end of wave (e) at the lower boundary of the triangle abcde, a triangle with an almost flat bottom (there is still a slight slope of the upward force), and if you measure the price from the wave b to wave c of wave (e) of that triangle, you get the figure of $ 144. And a simple mathematical calculation shows that wave c is exactly 61.8% of wave a. That is, the expected completion of wave (e), which is expected at around 9068.5
You can underestimate the role of Fibonacci numbers and wave counting can also change its' appearance, but still it’s worth taking a closer look at such insignificant points, as it is these nuances that guide the psychology of a stock marketer.
The price of bitcoin now draws a corrective movement within the iv wave inminute degree . We came to the conclusion that now the asset draws the format of the descending triangle abcde - the triangle of the continuation of the trend and now forms the wave (e). We all know that the price in the triangle goes in triple waves in the form of a zigzag. So wave (e) is also forming a triple. Wave a from wave (e) has a length of $ 233 if you take it from closing the candles, presumably we predicted the end of wave (e) at the lower boundary of the triangle abcde, a triangle with an almost flat bottom (there is still a slight slope of the upward force), and if you measure the price from the wave b to wave c of wave (e) of that triangle, you get the figure of $ 144. And a simple mathematical calculation shows that wave c is exactly 61.8% of wave a. That is, the expected completion of wave (e), which is expected at around 9068.5
You can underestimate the role of Fibonacci numbers and wave counting can also change its' appearance, but still it’s worth taking a closer look at such insignificant points, as it is these nuances that guide the psychology of a stock marketer.
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