I see now. Yeah, it's possible. But as Prechter often says, possible isn't same as probable. But then again, he has "prechterized" so many subscribers money to dust! Made some awful calls!
Also, as we know, EW is an art, and probable is in the eye of the beholder.
I believe BTC correction has started and III is in. In my earlier blogs over the weekend, I too thought there was one more push left in BTC to newer highs.
I've been posting that wave fives as profit taking waves. So, even if it has one more possible push, it would be to sell into it. Also, daily MACD is in free fall.
I go by the old Wall Street saying: Better to be out of the market wishing to be in it than in the market wishing to be out of it.
I see now. Yeah, it's possible. But as Prechter often says, possible isn't same as probable. But then again, he has "prechterized" so many subscribers money to dust! Made some awful calls!
Also, as we know, EW is an art, and probable is in the eye of the beholder.
I believe BTC correction has started and III is in. In my earlier blogs over the weekend, I too thought there was one more push left in BTC to newer highs.
Yes it really is an art, and we will probably see by the end of tomorrow. If BTC is not 300$ higher then, I am wrong about this anyway.
I've been posting that wave fives as profit taking waves. So, even if it has one more possible push, it would be to sell into it. Also, daily MACD is in free fall.
I go by the old Wall Street saying: Better to be out of the market wishing to be in it than in the market wishing to be out of it.
Good discussing with a fellow EW tech
This might help also my reasoning:
https://steemit.com/bitcoin/@haejin/my-response-to-jamesbrown-an-ew-counter-s-response-to-seasoned-chartist-s-blog