RE: Major key support is broken

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Major key support is broken

in cryptocurrency •  7 years ago 

Thank you @srezz.

Looking at the past 7d data, can we say that the sharp correction we observed was EW wave 3 and the bounce was wave 4, and last wave will kick in soon? Or should I extend the time frame?

Look forward to learning from you...

cryptocurrency
7 years ago by

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      ·  7 years ago (edited)

    The problem with EW is that at any given time it has at least 2 perfectly legitimate wave counts with very different outcomes. It is especially pronounced in corrections. And it can't be otherwise because if it was then the future would be predetermined.

    Here is one of my counts:
    https://ibb.co/f2Hmdm
    EW.jpg

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      4 votes
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        ·  7 years ago 

      Thank you very much @srezz!
      Everytime I learn something new from your post...

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