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RE: Bitcoin (BTC) Morning Update: Be on the Lookout for This Potential!!

in #bitcoin7 years ago (edited)


Also you mention how wave 5 could breach the upper channel boundary briefly, but given that primary wave 1 could retrace 50%, what would be indicative of a scenario of probable lower low vs. a normal primary wave 2 correction? Would the volume profile be different?@haejiin, Have you notice how the sub-micro (in your chart not the one bellow) wave (1) and wave (3) have the exact same length. It is common in an ABC correction for wave A and C to be equal but in an impulse Wave 3 cannot be the smallest... which is why I have labelled this as an ABC yesterday. Is this another scenario to be aware of? Or do you have arguments to take it off the table?

Thanks a million for all your posts and teachings.
Wish you the best!