According to Wave Theory:
In the impulses of a wave of the same degree, channelization is observed
2 wave is most often a zigzag
2 wave is most often a deep correction
3 wave equals 1.618*1 wave.
The 3rd wave is the most powerful
4 wave is most often flat according to the rules of alternation
5 wave is mostly equal to 1 wave
BUT
Bitcoin is a commodity market
And in commodity markets, the 5th wave is most often extended.
At what price will YOU exit?
In the impulses of a wave of the same degree, channelization is observed
2 wave is most often a zigzag
2 wave is most often a deep correction
3 wave equals 1.618*1 wave.
The 3rd wave is the most powerful
4 wave is most often flat according to the rules of alternation
5 wave is mostly equal to 1 wave
BUT
Bitcoin is a commodity market
And in commodity markets, the 5th wave is most often extended.
At what price will YOU exit?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.