[10/11] Beast Trading _ Today's Bitcoin Analysis

[10/11] Beast Trading _ Today's Bitcoin Analysis

Bitcoin analysis today.

I will brief you on the movements seen from the 20.4k high.

The shape that came down first is not very strong, and the two-wave return in the front part is too deep, so the probability of an impulse does not seem very high, but it seems to be the most likely in the current section.

It is a wave that falls with a total of five waves, with 3-1 appearing as a leading diagnostic (the volume of transactions in the section also gradually decreasing), and relatively strong trading volume falling at 3-3 waves.

We then closed the three waves with a 19.2k low, which is 1.618 digits of one wave length, which is the canonical ratio of impulse wave motion in Elliott wave theory.

Since then, it has risen to around 19.6k with 4 waves abc and is now seen as falling to 5 waves.

According to Elliott's wave theory, the length of one wave and five waves is often 1:1, which could fall to around 18.8k.

After that, the probability of rising in the form of abc waves seems high.