RE: Bitcoin (BTC) Mid-Day Update: Combination of Patterns & Elliott Waves

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Bitcoin (BTC) Mid-Day Update: Combination of Patterns & Elliott Waves

in bitcoin •  7 years ago 

Screen Shot 2017-12-21 at 12.11.54 PM.png

What do you think?

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It could be an expanded flat.

B cannot be greater than wave 5 i think.

Where you see that? I haven't heard of that one.

Correct, that is not a rule of EW. When the B goes higher than the peak, it is often an expanded flat correction.

thanks for correcting me

I doubt wave c ... btc corrected 'lowest-low' goes below 12300. If it does next support would 9600.