RE: BITCOIN (BTC) BIG PICTURE ANALYSIS: A MASSIVE TOP APPROACHES, Use Extreme Caution !!

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BITCOIN (BTC) BIG PICTURE ANALYSIS: A MASSIVE TOP APPROACHES, Use Extreme Caution !!

in bitcoin •  7 years ago 

hey haejin, Proper analysis, well stated.
got a thought when you showed the log graph arround minute 13 (+- 13m30). As shown in the log graph, wave 2 and wave 4 as indicated didn't retrace back to the prior level 4 of wave 1 and wave 3 as the theory would state.
Another example was the last retrace to 3000$ lvl, iso 2000 -2500$ (which would have been a text book example) when we're now doubting whether it is A or C of wave 4.
Keeping this in mind and pictured on the log graph, it would indicate a big retrace down but not to $500 but higher to 1500$? what's your thought?
I had to think about when i saw the previous ABC waves down.

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Could be.