What Kinda Flat Will BTC Give for Wave 4/5/3

Currently in the 2nd Swing (B Wave) of the initial A wave. What sort of flat will we get for Wave 4 of 5/3? I’ve outlined a few potential target ranges; see above.

Komentarz:

If the current A wave follows the black outline instead, targets must be re-drawn.

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A Leading Diagonal for the 1st move of A means that the B wave will likely bounce back pretty high. Considering the first move of B wave, it seems we’ll likely get a double zig zag to complete the climb up to $56K.

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Before we get any real targets, the 5-3-5 for A must develop. B wave is set based on the Leading Diagonal in A Wave. C Wave can end at 1.00, 1.618 or .618 of A’s length (as outlined on the chart).

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Anulowano zlecenie:

A Wave miscounted.