BTCUSD Elliott Wave Forecast - Wave 4 Correction

24 בינו׳ 2022

The chart depicts my long term primary count for BTC. To put briefly, it indicates a final impulse before the completion of this wave cycle once this ongoing correction has concluded.

Alternation guidelines concerning Waves 2 and 4 would allude to a simple correction for this ongoing Wave 4, as BTC had printed a more complex correction for Wave 2; namely a Triple Three. The simple correction here is in the form of an Expanded (Irregular) Flat. An additional point to note here being that within an impulse, Wave 4 frequently patterns a flat whilst Wave 2 rarely does.

A flat correction, be it Regular, Expanded or Running all consist of a 3-3-5 wave structure (ABC). The ongoing ABC correction is readily apparent and close to completion. I will provide a more detailed breakdown of the current Wave C shortly. Will also share my alternate count at some point, follow to stay updated and to be notified of the post.

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BeyondEdge
Your Edge Is Your Perception. Go Beyond.