I'm curious how you measure the price length of each wave? Thx
RE: Bitshares (BTS) MACD Bullish Cross
You are viewing a single comment's thread from:
Bitshares (BTS) MACD Bullish Cross
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
I meassure the height from the triangle's left bottom to top and place it at the beginning of the new 5 impulse sequence. Now that we've probable made a first Elliott Wave impulse I take 2.618 of the first wave which lands around the top of the meassure stick. Then I make an assumption that the 1st wave will be equal to the 5th which is common in Elliott Waves.
Does that make sense? :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In cryptocurrency the 5th wave tends to be the largest
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, but in this case, I think the total length of all 5 waves would be the same either way
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well it is just a fibonacci retracement points or smth like that... Those are points where the market will most probably resist 😊
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit