This is a quick update on my count on the BTCUSD situation.. I was wrong on my previous count, this is a double wave correction. Wave one was strong, but still trying to build momementum for wave 3
Hello every one..... a lot of people here are posting their Opinion on what they think is going on with XVG far as wave counts and they are wrong... Because of that PUMp and DUmp you can see that Wave C surpassed wave B so therefore it pretty much became a impulse wave of its self and then retraced 100 percent.. You can not Count a Overall wave 3 to begin because...
So we are finishing up on the B wave of the ABC correction. Hopefully we will get a healthy retracement of a C wave and not a complete 100% retracement.
We have a 1/3 elliot wave count.. on the retracement of wave 4 we are down to the .716 retracement.. if we hold here we can expect a bounce.. watch that macd and rsi for confluence
This is a full 5 wave structure with a downard triple Combo wave 5 point correction. We held at the .618 region and starting to have a possible uptrend... this is will be wave one, but on the daily chart this will be a waVE three struture. plan your position to at the macd in your cross and RSI convergence up...
