This my primary count for BTC correction of 2018.
In the beginning of the year we got a strong impulsive move (zig zag) that took us from 20k to 6k forming the W wave. This was the first capitulation.
After that BTC has been in more of consolidation/redistribution range, ranging between 12k to 6k not making any new highs or lows since the volume and price spread have declined significantly.
To me this looking a lot like an expanding or running flat type (3-3-5) of correction and we have just completed waves A and B.
I expected a 5 wave move upwards to near the top of the redistribution range forming the C wave and completing the X wave.
After which, we should the second capitulation in the form of ABC zig zag pattern taking it down to around 2k range and completing the Y wave.
In the beginning of the year we got a strong impulsive move (zig zag) that took us from 20k to 6k forming the W wave. This was the first capitulation.
After that BTC has been in more of consolidation/redistribution range, ranging between 12k to 6k not making any new highs or lows since the volume and price spread have declined significantly.
To me this looking a lot like an expanding or running flat type (3-3-5) of correction and we have just completed waves A and B.
I expected a 5 wave move upwards to near the top of the redistribution range forming the C wave and completing the X wave.
After which, we should the second capitulation in the form of ABC zig zag pattern taking it down to around 2k range and completing the Y wave.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.