Bitcoin Elliott Wave Attempt
First attempt at producing an Elliott Wave analysis of the Bitcoin Chart.
I began Wave 1 where the volume initially picked up at 19,277$.
-I have noticed that if I perform the percentage gains of the waves currently present, that Wave 3 is less than Wave 1. This would mean that Wave 5 will either have to be less than Wave 3 in order to validate the Elliott Wave, or that I have charted this incorrectly thus far.
Given that Wave 2 was a relatively sharp correction, we expect Wave 4 to be somewhat flat to alternate with the nature of Wave 2.
I am very, very new to this. If there are any obvious errors, please correct me so that I can learn to start adapting this information more accurately.
I began Wave 1 where the volume initially picked up at 19,277$.
-I have noticed that if I perform the percentage gains of the waves currently present, that Wave 3 is less than Wave 1. This would mean that Wave 5 will either have to be less than Wave 3 in order to validate the Elliott Wave, or that I have charted this incorrectly thus far.
Given that Wave 2 was a relatively sharp correction, we expect Wave 4 to be somewhat flat to alternate with the nature of Wave 2.
I am very, very new to this. If there are any obvious errors, please correct me so that I can learn to start adapting this information more accurately.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.