Ayu A Suryabudhi
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It seems to have stopped at 106301 as predicted earlier.
If it does not extend, and does not break the 105.7 zone, it is safe to label it as wave iv and BTC is on the way to 108.9-110k (wave v) within subwave 1. If it breaks 105.7, BTC will fall to the 104, 103, 102k area.
Scenario if valid for wave v:
Wave iii is very long and strong (99,600-108272)
Wave iv is complex (WXY)
Thus wave v is most likely to be:
Relatively short (maybe only 2,000โ3,000 pts) from 106301 (108.9k area) or to 110200-110500 if not premature.
Usually wave v makes a higher high than the peak of wave iii (108272) to mark the label as wave v.
It can also prematurely fail to break 108272 because the movement space has been largely used by wave iii & iv in this case.
There might be a quick spike and then a deep correction (entering into a large wave 2).
Since i, ii, iii, iv, v has completed as subwave 1, we enter subwave 2 in wave 1 in the large wave 3.
The maximum wave v = 110.741 must not exceed this number. This has been calculated based on the rules of Elliott wave.
After completing the wave 2 correction, we then enter the impulsive wave three.
The correction target for wave 2 is a 50-61.8% retrace depending on where wave v stops.
If it stops at 108.9-110k; between 104200-103550-102293.
Offline. Good luck
#BTC110KToday?
If it does not extend, and does not break the 105.7 zone, it is safe to label it as wave iv and BTC is on the way to 108.9-110k (wave v) within subwave 1. If it breaks 105.7, BTC will fall to the 104, 103, 102k area.
Scenario if valid for wave v:
Wave iii is very long and strong (99,600-108272)
Wave iv is complex (WXY)
Thus wave v is most likely to be:
Relatively short (maybe only 2,000โ3,000 pts) from 106301 (108.9k area) or to 110200-110500 if not premature.
Usually wave v makes a higher high than the peak of wave iii (108272) to mark the label as wave v.
It can also prematurely fail to break 108272 because the movement space has been largely used by wave iii & iv in this case.
There might be a quick spike and then a deep correction (entering into a large wave 2).
Since i, ii, iii, iv, v has completed as subwave 1, we enter subwave 2 in wave 1 in the large wave 3.
The maximum wave v = 110.741 must not exceed this number. This has been calculated based on the rules of Elliott wave.
After completing the wave 2 correction, we then enter the impulsive wave three.
The correction target for wave 2 is a 50-61.8% retrace depending on where wave v stops.
If it stops at 108.9-110k; between 104200-103550-102293.
Offline. Good luck
#BTC110KToday?
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