How the BTC double sawtooth adjustment wave ends (1)
First, Hypothesis of wave structure and the coordinates of the current market
From November 2021 to the present, the BTC price is building a double zigzag adjustment wave, and its structure is WXY, that is, W(5-3-5)-X-Y(5-3-5).
The current market coordinates are wave Y-©-(4).
After (4) is over, take another downward wave (5). After completion, it is the end of the correction wave as a whole.
Second, the location that needs to be focused on
1. Wave (4) rebounds from the high point
Focus on 18084.3, which is the low point of wave (1).
If the wave (4) rebounds upward beyond this position, then pay attention to the possibility of denying the hypothesis of this wave type.
2. The end point of the adjustment wave as a whole
Pay attention to 12053.9 (follow-up may be fine-tuned according to the actual distance).
If the wave (5) breaks down this position, pay attention to the possibility of denying the hypothesis of this wave pattern.
Above that, watch the horizontal support zone at 13200-13800.
From November 2021 to the present, the BTC price is building a double zigzag adjustment wave, and its structure is WXY, that is, W(5-3-5)-X-Y(5-3-5).
The current market coordinates are wave Y-©-(4).
After (4) is over, take another downward wave (5). After completion, it is the end of the correction wave as a whole.
Second, the location that needs to be focused on
1. Wave (4) rebounds from the high point
Focus on 18084.3, which is the low point of wave (1).
If the wave (4) rebounds upward beyond this position, then pay attention to the possibility of denying the hypothesis of this wave type.
2. The end point of the adjustment wave as a whole
Pay attention to 12053.9 (follow-up may be fine-tuned according to the actual distance).
If the wave (5) breaks down this position, pay attention to the possibility of denying the hypothesis of this wave pattern.
Above that, watch the horizontal support zone at 13200-13800.
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