In the theory of #Elliot , the basic buoyant movement is formed by 5 waves. Waves 1, 3 and 5 are impulse waves and waves 2 and 4 are correction waves. In the most common method of happening, wave 2 is 1.618 times the length of wave 1. Wave 5 is most often the same size as wave 1. Fractals repeat in shorter chart times.

Corrective waves are usually ABC. With wave A and B completed, we can estimate likely wave C targets. This correction will be slow. But we will see many buying on a 10% dip because they believe XRP is on sale. But the most common in an Elliot top correction is the correct 0.5 to 0.618 Fibonacci correction

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Analysis based on Elliot waves. Worth a like?
$BTC
#Elliot

#SUI #Wyckoff upsloping #distribution idea and #elliot wave #Expanded flat idea
#alts #bullrun #DIP

After #ETF✅ , let's look at the chart. $BTC It broke all the EMAs downwards, only the remaining EMA 200 stands at 57.000 #USDT I hope it does not break down. Ema 200 Levels indicate the beginning or end of the trend.
The triple peak is so strong that if it cannot be crossed it will break incredibly low. That's exactly what's happening these days. It's actually a quintet, not a triple top.
$ETH #DEFİ #wallet Whatever the reason or name, the secondary correction of the #elliot wave seems to have started.
What does this mean? I hope we do not see the initial resistance of 44,000.
If the opposite happens, that is, if an upward change begins, it seems like a big TOBO will emerge. $FIL

Doge points to his support 🔴
INPUT:0.12795
Take profit: 0.11690

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#elliot $DOGE