Please Help Me to under stand Elite Wave in BITCOIN..? " as per your previous Elite Wave theory you show me how bear market will continuance for 2 year cycle and you also mention " as off no i really look like struggle for how to understand market behavior..? and i can't able to understand elite wave theory currently. i am not able to apply formula on bitcoin chart, are we in ABC corrections Or WXY Wave ..? Please Help Me to under stand Elite Wave in BITCOIN
At this stage, the market would have to exceed $5890 BITFINEX to confirm a new bull market. Exceeding $5178 BITFINEX would provide an early signal to consider a potential change of trend.
Since 05-APR-2019, the following two Elliott Wave scenarios are currently under consideration; either:
1. The current 2019 bull market is a wave-5 of Primary degree heading towards new all-time highs; or, 2. The current 2019 bull market is a wave-X of Primary degree as part of an all overall bearish W-X-Y structure.
The aforementioned scenarios have thus far been tracked in the following posts:
The following book is a recommendation to understand Elliott Wave theory:
Elliott Wave Principle: Key To Market Behavior by A.J. Frost, Robert R. Prechter (ISBN: 9780471988496) https://ufile.io/a2zr6ofv (78MB) [expires 01-AUG-2019]
The following guesswork summarizes the preferred Elliott Wave model of this thread thus far (indicative of price/structure, not time):