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thats_me
Jul 4, 2018 5:50 PM

Bitcoin - BTC Possible EW Count  Long

Bitcoin / DollarBitfinex

Description

Here's a possible EW count, combined with Fib Extension, for BTC.
Comments
Exsilium
Wave 4 should not cross into Wave 1 territory.
thats_me
@Exsilium, it’s not crossing it
Exsilium
@behind_crypto, I see Wave 1 at 6545 and Wave 4 at about 6525 from what i can see on your grapha, with Wave 4 retracing past 0.50 fib of Wave 3. Because Wave 2 was a complex correction wave, Wave 4 should be a simple ABC correction wave, and is unlikely to fall below 0.50 fib. Just my opinion :)
thats_me
@Exsilium, look at the chart again. there are different EW cycles. the white one is the major one.
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