BTCUSDT from 37332 to 48144 ( running flat )
wave target C
We expect the target of wave C to be around 61.8% or less of the length of wave A if we are going to form a flat climbing wave pattern.
This pattern indicates an acceleration of the price reversal in the opposite direction.
This is exactly what happened in wave C, strong rally, big candles
From 43,770 to 48,144
Router calculation from 37332 to 46700
wavelength A
46700 - 37332 = 9368
To calculate the assumed target according to the wave type we indicated
It achieves 61.8 or less A . length
So
9368 x 61.8% = 5789
We add the number to the bottom of the wave B
5789 + 43770 = 49559
That is, we can reach this number or less, and this is what has happened so far, with the price reaching 48144
With a difference of 1415
Add to drawing as well
61.8% is equivalent to 49559
50% is equivalent to 47348
38.2% is equivalent to 47,348
23.6% is equivalent to 45,980
And notice in the movement that the price is moving between 47348 and 45980
That is, the price is currently moving between 23.6 and 38.2 of the length of the wave A
So far, the analysis is very logical according to the movement and genre, and it took me a lot of time and effort
To re-analyze and think to reach the closest analysis, to the kinetic matching of the price
Have they finished the uptrend or not?
According to Elliott's theory
It is this type of wave that we can achieve the target 49559 or less
And it was 48144. Was he satisfied with it? (I think yes)
Especially since we calculated five ascending waves in the previous analysis and mentioned the point 47887
It is a bullish target, and if it exceeds it we move upwards by expanding the trend
And the negative sign is a break of 45,980