Elliott Wave Theory - Another Look @ Where Bitcoin May be Headed
NOT Financial Advice
I've only spent a short time studying the Elliott Wave Theory. I would appreciate any comments or critique from those more familiar with it.
The possible scenarios seam to be unlimited but this looks to me more probable than the studies I published earlier. Hope you find it useful.
I've only spent a short time studying the Elliott Wave Theory. I would appreciate any comments or critique from those more familiar with it.
The possible scenarios seam to be unlimited but this looks to me more probable than the studies I published earlier. Hope you find it useful.
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Wave C: Prices move impulsively lower in five waves.
Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched.
Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond.
Source: en.wikipedia.org/wik...liott_wave_principle
Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched.
Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond.
Source: en.wikipedia.org/wik...liott_wave_principle
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