BTC Extended Correction based on Elliot Wave theory
I think EWs are subjective and changes with the current data constantly.
I've never thought the structure which begins on 6th February Dip and ends in 11.6k $ as a truncated 5th wave. I'd rather draw it as a truncated ABC Corrective waves.
Thinking of it as a bear market condition, an extended correction is inevitable.
I'm by no means an Technical Analyst but an enthusiast.
Target is below 5k.
I know it's vague.
I've never thought the structure which begins on 6th February Dip and ends in 11.6k $ as a truncated 5th wave. I'd rather draw it as a truncated ABC Corrective waves.
Thinking of it as a bear market condition, an extended correction is inevitable.
I'm by no means an Technical Analyst but an enthusiast.
Target is below 5k.
I know it's vague.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.