ASA2001

ASA2001

After the movement of the 4th wave now returning back to higher levels after the drop to $28000, the wave will follow close to the shape of the 2nd wave, in a steep sloping ABC, reaching around $36000. This should indicate that the triangle is successfully following the pattern and we should then have a final reduction to possible figures of around $27500. After...

ASA2001

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ASA2001

After reassessing my original prediction for bitcoin, it was clear that Wave 3 of the 4th wave correction was too short to really have a good conviction and probable action. This model makes a lot more sense, due to the fact that the wave is now over a longer period of time, which is something common with triangles under the Elliot Wave Theory. This model also...

ASA2001

I have recently started with my elliott wave theory understanding so correct any mistakes that I have made(if there are any😅). I know that the labelling of waves (subdivision of waves : 1 (1) 1️⃣ etc) is not correct but it shouldn’t really matter. From my analysis i see that the 5th wave has clearly over thrown past the trendline of the the triangle, indicating a...