bitcoin updated wavecount - wave 3 still not finished

Updated

Enjoy

Note

still on track to 12580. We are correction in a zigzag. possible target for end of correction is around 10592 if this pattern plays out

Note

Looks like we could have this corrective pattern. It gives us a slgthky different target for wave 4.

Note

Or this scenario?

Note

above scenarios for current correction are invalidated.
This could be playing out or else is movedown from 12 to 10.5 k was not a 5 wave move, but I think it is

Note

Lesson learned:-) always check small timeframes to validate count. The flashcrash From 12k to 10.5 was a 5 wave structure. However 5th wave ended in 10.770 - not in 10550.The rest of the move was part of an expanded flat. This means that we probably are in c wave down to my second target for this correction at 10526

WaveNerd

Related publications

bitcoin - still in wave 3 - continues up

by WaveNerd

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.