RE: BTC big pic update 29.08.2019

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BTC big pic update 29.08.2019

in btc •  5 years ago 

Wave 2 can never be a triangle. This rule cannot be ignored.

I think it will drop tomorrow when wave 2 of c of Y is done.

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5 years ago by

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      ·  5 years ago 

    Good point, I had honestly forgotten about this rule. Gotta do my homework again...

    But now what if this was actually wave 4 of a smaller degree (not minding the "1", "2" annotations)?

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        ·  5 years ago 

      I would say this has a 2% chance of being wave 4. Because it is 10 times bigger than the corresponding wave 2 is. That is very unlikely.

      And WXY in wave 2 is also a very common pattern in commodities. (Many people consider BTC to fit best in the asset class of commodities a.k.a. digital gold)

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