BITCOIN GLOBAL CHART ELLIOT WAVE

2023年10月1日

Hi Guys,

Lets start 1st post here with global BTC EW chart and go step by step:

Wave 1 - no question, clear 5
Wave 2 - no question, clear zigzag
Wave 3 - no question, clear impulsive and sharp 5 with ending diagonal in 5 of 3

Wave 4 - it is the place where doubts start. For me its irregular flat with clear inner structure 3-3-5. Invalidation level 13750 (zone of Wave 1) was not touched.

So my STRONG assumption that Wave 5 is developing right now. We had clear 5w structure in 1 of 5, also we already had wave 1 of 3 of 5 and now I assume that wave 2 of 3 of 5 is completed.

Next we should let the market make its move
If price will go below 24700 - probably I will review my scenario

Always remember about Risk Managment. Nobody can predict markets 100% of time, but with proper RM and patience you will earn money anyway on a long distance.

Your Paulo:)