Automated E-Wave Analysis Appears Quite Bearish
Zaktualizowano
But, take with a grain of salt.
E-Wave Analysis Automatically performed by software called MotiveWave, then transposed to TradingView.
I don't trade any crypto at all, so have no interest in creating "FUD". But I did want to just share this, and see how accurate it ends up being.
Between the (0) and (1) (usually these are labeled with roman numerals btw) is the i ii iii iv and v of the impulse, followed by an a b c correction. The "c" of the correction is the same as the (2) and from there the software predicts another downward-moving impulse wave. Again, please take with a grain of salt. Many out there even say e-wave analysis isn't very useful. The same software shows a bullish result for DOGEUSD which is kind of funny unless the two could actually become quite independent. For educational purposes only. Thanks for checking it out.
E-Wave Analysis Automatically performed by software called MotiveWave, then transposed to TradingView.
I don't trade any crypto at all, so have no interest in creating "FUD". But I did want to just share this, and see how accurate it ends up being.
Between the (0) and (1) (usually these are labeled with roman numerals btw) is the i ii iii iv and v of the impulse, followed by an a b c correction. The "c" of the correction is the same as the (2) and from there the software predicts another downward-moving impulse wave. Again, please take with a grain of salt. Many out there even say e-wave analysis isn't very useful. The same software shows a bullish result for DOGEUSD which is kind of funny unless the two could actually become quite independent. For educational purposes only. Thanks for checking it out.
Uwaga
Also, the end date of this analysis is June 11th 2021 at about 3:30 AM EDT (GMT -4)Uwaga
One last thing: if a 1 hour chart is used instead, the (2) portion of the ABC correction brings BTCUSD up to about 48-49 thousand, then down to 18.8k around June 5th.
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