Applying basics of Elliott Wave Theory on ETHBTC.
Wave 1,3,5 affect the direction of the market.
Wave 1 is usually in form of a leading diagonal.
Wave 2 is 50% or 61.8% of wave 1 and it never moves below wave 1. (corrective)
Wave 3 is 161.8%-261.8% of wave 1 and is an impulse and never the shortest wave.
Wave 4 is usually a flat, triangle, or combination thereof.
Currently, we are in a corrective wave (4) in form of a running triangle.
Wave 5 is 100% of wave 1 or 161.8% of wave 4, impulse wave.
Wave 1 is usually in form of a leading diagonal.
Wave 2 is 50% or 61.8% of wave 1 and it never moves below wave 1. (corrective)
Wave 3 is 161.8%-261.8% of wave 1 and is an impulse and never the shortest wave.
Wave 4 is usually a flat, triangle, or combination thereof.
Currently, we are in a corrective wave (4) in form of a running triangle.
Wave 5 is 100% of wave 1 or 161.8% of wave 4, impulse wave.
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.
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.