If we see a clean push past wave-(3), that's basically confirmation wave-(5) is already in motion and heading up. Though honestly? I'd feel better if wave-(4) developed into something more layered—wave-(2) was pretty shallow, so a deeper correction here would make more sense structurally.
Keep an eye on how this correction plays out before the next leg.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
2
Repost
Share
Comment
0/400
DegenRecoveryGroup
· 12-04 02:52
This Elliott Wave Theory stuff really depends on how each step unfolds... It would feel much better if Wave 4 could develop a bit more depth here.
View OriginalReply0
NftDeepBreather
· 12-04 02:52
If wave-4 could have a deeper pullback, that would be ideal. This logic of shallow dips following shallow dips doesn’t really make sense.
Looking at BTC on shorter timeframes right now.
If we see a clean push past wave-(3), that's basically confirmation wave-(5) is already in motion and heading up. Though honestly? I'd feel better if wave-(4) developed into something more layered—wave-(2) was pretty shallow, so a deeper correction here would make more sense structurally.
Keep an eye on how this correction plays out before the next leg.