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RE: Bitcoin (BTC) Morning Update: Upper Line of Wedge Breached!!!

in #bitcoin7 years ago

@haejin As I've counted my waves, I've noticed that sometimes Wave 4 crosses into the territory of Wave 1 with Bitcoin and altcoins, which breaks one of the Elliott Wave rules. I'm wondering, is that because we're still in the early stages of the crypto markets? I.e., it's because of the imperfect gauge we're using to measure sentiment (price in an immature market), but the Elliott rule still stands? The Dow, for example, is a mature market, so the rules are much more apparent. Just wondering if you've seen that, and if you either redo your count or allow for some minor deviation from the rule.