BTCUSD bearish ABCDE correction. Bitcoin to test 3450 ?
Diupdate
One possible scenario that is looking more possible each day.
The climb from 3655 looks corrective with overlapping waves.
Thus it fits more of an ABCDE correctiion than 12345 Impulse.
Each leg up was a 5-wave Impulse, common enough.
Each rise was met by an ABC correction, also normal.
Second rise (B to C) had lowest gain, ruling out Impulse.
Alternative View:
My plotted ABCDE 'could' be a 12345 in the making, as in:
the plotted X-A could be wave 1,
the plotted A-B could be wave 2,
the plotted B-E could be wave 3,
with a wave 4 down and wave 5 up to come?
In either scenario a downturn right now, or very soon, becomes highly likely.
The climb from 3655 looks corrective with overlapping waves.
Thus it fits more of an ABCDE correctiion than 12345 Impulse.
Each leg up was a 5-wave Impulse, common enough.
Each rise was met by an ABC correction, also normal.
Second rise (B to C) had lowest gain, ruling out Impulse.
Alternative View:
My plotted ABCDE 'could' be a 12345 in the making, as in:
the plotted X-A could be wave 1,
the plotted A-B could be wave 2,
the plotted B-E could be wave 3,
with a wave 4 down and wave 5 up to come?
In either scenario a downturn right now, or very soon, becomes highly likely.
Catatan
Update on developments in the detailed chart (left side) .
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.