BTC EWT (Short then LONG)

27 Kas 2022Elliot Wave Analysis of the BTC chart looks bullish.

I'm guessing this triangle wave is part of a complex correction in wave 2, and so, we need one more leg down (about 4%) before a strong wave 3 up above the channel.

4 Ara 2022

Yorum

Wave 3 = Wave 1 in length, approximately. Thus Wave 5 cannot be expected to extend. A maximum expected rise for this impulsive structure is probably near the 18k/btc area, if corrective waves rise higher than the top of W5.5.

12 Ara 2022

Yorum

Prob. got a truncated wave 5.