Yesterday I saw a possible 5-3-5-3-5 movement for wave A. Today green wave 1 is already done. It is within the last 5 waves down of A. I also spotted another SHS again.
It could also be a complete correction as
@haejin pointed out, but I think it to be only wave A of this correction.
With wave 5 often being the longest and strongest in cryptos, I expect an acceleration down soon.
I always do sublevel counting, but I don't label everything, because it would clog the charts and would make it unreadable for anyone new to Elliott Waves. I like it this way, it keeps everything as clean as possible.
Today I have a special advice for you:
If you want to become better at counting, watch haejins recent fibonacci tutorial. Yes, it is a long video, but there is a lot of gold in it. To get that knowledge you would normally have to view and filter 3 hours+ of special EW and Fib video material and you wouldn't even gets haejins experience value with it. His stuff on eyeballing and correction targets is very accurate. I don't agree with BTC geyser doubling, but most of the other stuff in it.
I don't get anything for recommending his material...
But always remember that fib targets are guidelines, not fixed rules like wave 3 cannot be the shortest. It never can, period.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)