RE: Have we broken out?

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Have we broken out?

in bitcoin •  5 years ago 

And since this impulsive move can hardly be counted as 5 waves up, we probably are still in a correction.

bitcoin
5 years ago by

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      ·  5 years ago (edited)

    That's a good point: there is no clear five wave to count yet. Of course, all Elliott impulse moves can be either extended or truncated - so, if you really want to, there is a count to be made. But it won't be a pretty one. I understand that the move up from $7300 to over $10k was the third largest move in the history of bitcoin; probably not a correction.

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