Bitcoin Possible ABC Correction

23 Ara 2017

Wave A is an impulse or leading diagonal

Wave B never goes beyond the start of wave A, Wave B usually retraces 38%-50% of wave A

Wave C is an impulse wave or ending diagonal. Wave C often equals Wave A.

fib 0.381 and 0.5 are important zones.

24 Ara 2017

Not

possible retest and double bottom. if not we go straight to 8k

24 Ara 2017

Not

Wave Degree
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Rule 3: Wave 4 can never overlap Wave 1.

if one of these rules break elliot wave is off the table.

Relation Between Fibonacci and Elliott Wave Theory
• Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is typically 161.8%, 200%, 261.8%, or 323.6% of
wave 1
• Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3
• Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1
• There are three different ways to measure wave 5. First, wave 5 is 61.8%, 100%, or 123.6% of wave 1. Second, wave 5 can be measured as 23.6%, 50%, or 61.8% external retracement of wave 4. Third, wave 5 is 61.8% of wave 1-3

length wave one = 5400 -11441=6041
length wave 3 = 8821 -17171 =8350
lengthe wave 5 =12730 -19891 =7161

25 Ara 2017

Not

possible bearish pennant