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Strategies & Market Trends : Blockchain and Cryptocurrencies

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Sonali

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To: #Breeze who wrote (6420)	3/16/2024 7:58:46 PM
From: #Breeze	2 Recommendations Read Replies (1) of 7633

BTCUSD Wave Count Update. Pull backs are often very complex. In an expanded ABC, I've seen the C Wave equal 161.8% times the Wave A - see chart. So the Wave C will be lower than Wave A. But you need to wave count the price pattern of the Wave C. In this case Wave (c) appears to have unfolded as an abc. If wave c of (c) equals wave a of (c) then the correction will end at the 23.2% level - see chart. These are guidelines. I will now go to a one hour chart and start wave counting the price pattern for Wave c of (c) and project a target. tradingview.com

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