RE: ETP Metaverse Analysis: ETP/USD Target $7.50 and then $14 (358% Profit Potential); ETP/BTC Target 0.00143 BTC (220% Profit Potential)

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ETP Metaverse Analysis: ETP/USD Target $7.50 and then $14 (358% Profit Potential); ETP/BTC Target 0.00143 BTC (220% Profit Potential)

in bitcoin •  7 years ago 

Hi @haejin. Been following your posts for a while (big fan). And I was curious about one thing... You've made the observation that a lot of cryptos (especially BTC) love the triangle pattern, and I've seen you chart it as wave-c in many places, but I've read that the triangle usually (some say always) comes one position before the final (wave-4 or wave-B), and can be in the final position in combination corrections. In practice (and in your experience), is that not always the case? Just trying to learn. Thanks for your generous shares!

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  ·  7 years ago (edited)

No, a diagonal in wave c is very uncommon. The triangle for on my labels is not wave c; rather its the whole a,b,c. So, it's the chart pattern which isn't part of the EW count.