BTCUSD EW Analysis (Including Most probable retracement Target)

2018年11月4日

Count is largely based on Godly's EW count. But I have included some intrinsic changes based on careful analysis. Mostly in the subwaves of the triangle.


Overall retracement type is a double zig-zag.

ABC - ABCDE triangle (X) - ABC


Most Probable target for end of retracement: 4640
If that breaks down, 2870

2018年11月4日

注释

Subwaves of the waves A and B of the (B) wave of the triangle

2018年11月8日

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Seems like waves 1 and 2 of the (C) wave are done:

2018年11月15日

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Current count of subwaves:

2018年11月20日

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Correction most likely comes to an end here



pinned through the 76.4% support.

If we form a lower low now, it would invalidate the target and the next support will be 2840 (85.4% mark)

2018年12月3日

注释

76.4% support didn't hold.
Approaching 85.4% line now.