BTCUSD Elliott Wave Forecast - Wave 4 Correction
The chart depicts my long term primary count for BTC. To put briefly, it indicates a final impulse before the completion of this wave cycle once this ongoing correction has concluded.
Alternation guidelines concerning Waves 2 and 4 would allude to a simple correction for this ongoing Wave 4, as BTC had printed a more complex correction for Wave 2; namely a Triple Three. The simple correction here is in the form of an Expanded (Irregular) Flat. An additional point to note here being that within an impulse, Wave 4 frequently patterns a flat whilst Wave 2 rarely does.
A flat correction, be it Regular, Expanded or Running all consist of a 3-3-5 wave structure (ABC). The ongoing ABC correction is readily apparent and close to completion. I will provide a more detailed breakdown of the current Wave C shortly. Will also share my alternate count at some point, follow to stay updated and to be notified of the post.
I hope you found this useful, do leave your thoughts in a comment below.
As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
Alternation guidelines concerning Waves 2 and 4 would allude to a simple correction for this ongoing Wave 4, as BTC had printed a more complex correction for Wave 2; namely a Triple Three. The simple correction here is in the form of an Expanded (Irregular) Flat. An additional point to note here being that within an impulse, Wave 4 frequently patterns a flat whilst Wave 2 rarely does.
A flat correction, be it Regular, Expanded or Running all consist of a 3-3-5 wave structure (ABC). The ongoing ABC correction is readily apparent and close to completion. I will provide a more detailed breakdown of the current Wave C shortly. Will also share my alternate count at some point, follow to stay updated and to be notified of the post.
I hope you found this useful, do leave your thoughts in a comment below.
As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
🔰 Not financial advice. For educational purposes only.
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
🔰 Join the free Telegram channel for more crypto - t.me/BeyondEdge
🔰Follow me on twitter twitter.com/beyondedge_
Your likes and follows are much appreciated.
BeyondEdge
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.