RE: Bitcoin (BTC) Morning Update: A Correction Bottom is NOT an Event but a Process

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Bitcoin (BTC) Morning Update: A Correction Bottom is NOT an Event but a Process

in bitcoin •  7 years ago 

Hi Haejin,

Thanks a lot for your very detailed morning update. Here is my question :

I noticed that you have changed the previous ABCDE labelling of the correction for a 1-2-3-4-5 count. Do you think this wedge will break to the upside and directly lead to the next impulse or you think this is only the first wave of a larger ABC correction ? I must admit I am a little bit confused since I thought a leading diagonal could only be contained within a first wave (wave A in an ABC correction).

Thank you !

bitcoin
7 years ago by

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      ·  7 years ago 

    Yes, as a leading diagonal, it could be an A
    The rise needs to be counted carefully. If three waving or impulse

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        ·  7 years ago 

      Thank you !

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