BTC less margin in the uptrend
I think 3rd wave (red) is done. We are in the 4th wave of a sub wave. In the 4th wave there are ABC correction levels, right. So, I think we are done with A and B. Typically C is the longest. Inside the C wave there are 5 sub-levels and I believe we are in the 5th wave of C.
And the target are is the red rectangular. We could draw a butterfly pattern also but it is already included in the Elliott Theory.
To sum up, we are in the sub wave of 5th wave. 3 is over and when the 4th is over we will target for the 42.500 - 44.000 area. Then unfortunately, red 4 will be over and 5 will start to go down. 24.000 - 17.000 is my target at the bottom. Early to speak about targets below Red 3.
Comment below if you have questions.
Happy hunting!
And the target are is the red rectangular. We could draw a butterfly pattern also but it is already included in the Elliott Theory.
To sum up, we are in the sub wave of 5th wave. 3 is over and when the 4th is over we will target for the 42.500 - 44.000 area. Then unfortunately, red 4 will be over and 5 will start to go down. 24.000 - 17.000 is my target at the bottom. Early to speak about targets below Red 3.
Comment below if you have questions.
Happy hunting!
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