By analogy with Ethereum, Bitcoin is also forming a flat as an ABC (subminuette degree), with an expanding ending diagonal as a wave C.
Elliott Wave principle says that ending diagonal has 5 major waves each of which has to be a corrective ABC as sub waves.
On the chart you can see that 3 waves (micro degree) are already formed, and we are in a 4th wave now.
So now the question is did we form a full 4th wave or that was only a wave A of ABC of 4th wave.
Looking at how deep this wave was we can definitely say that target has been achieved, but now we can extend 4th wave in time.
The invalidation point is 20700.13, which we should never cross.
Good luck to everyone!
Elliott Wave principle says that ending diagonal has 5 major waves each of which has to be a corrective ABC as sub waves.
On the chart you can see that 3 waves (micro degree) are already formed, and we are in a 4th wave now.
So now the question is did we form a full 4th wave or that was only a wave A of ABC of 4th wave.
Looking at how deep this wave was we can definitely say that target has been achieved, but now we can extend 4th wave in time.
The invalidation point is 20700.13, which we should never cross.
Good luck to everyone!
Ordem cancelada:
Not going to happen, crossed invalidation line