…obviously still not sufficient.
Frankly, I have doubts about if yesterday’s rise can be ascribed in any Elliot-wave count actually…but it can, of course…
First Option: EXTENDED FIRST WAVE
Let’s say that BITCOIN has traced an EXTENDED FIRST WAVE.
In this case, the first wave is the longest wave in 5-wave cycle upwards, it is completed and now is tracing the second wave, a corrective one.
We know that, in EW terms, under this scenario, the third wave cannot be longer than the first but neither can be the shortest wave. And so, the 5th and last wave upwards MUST be the
BITCOIN: That jump of yesterday has been good but…
February 9, 2019
Published by timm
Add your Scripsio!
Comments