BITCOIN: Elliott Wave & Channel
Greetings, everyone.😉
I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory".
[Recent Chart Zoomed In]
✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag"
✔️ Current wave in development: Y-c-3
✔️ Projected upward range: 93K ~ 101K
The rationale behind this analysis is as follows:
Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles.
Wishing you all the best of luck🍀
I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory".
[Recent Chart Zoomed In]
✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag"
✔️ Current wave in development: Y-c-3
✔️ Projected upward range: 93K ~ 101K
The rationale behind this analysis is as follows:
- Zigzag patterns typically move within a parallel channel.
- The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel.
- As a result, the likelihood of a complex correction occurring is considerably high.
Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles.
Wishing you all the best of luck🍀
- This is not a buy or sell recommendation.
- It is a personal perspective and should be used for reference only.
- All decisions and responsibilities lie with you.
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