I'm Answering to many question I've got on my Telegram :
1: How to Qualify a real ?
2: What could we be expecting in the future of BTC ?
1: Believe it or not, there are only three rules when it comes to interpreting . There are many guidelines, but only three HARD rules. These are unbreakable. Guidelines, on the other hand, are bendable and subject to interpretation. Furthermore, these rules only apply to a 5-wave impulse sequence. Correction, which are much more complicated, are given more leeway when it comes to interpretation.
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Rule 3: Wave 4 can never overlap Wave 1.
2: Combining a basic 5 wave impulse sequence with a basic 3 wave corrective sequence yields a complete sequence, which is a total of 8 waves. According to , this complete sequence is divided into two distinct phases: the impulse phase and the corrective phase. The corrective phase represents a correction of the larger impulse phase.
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Thanks for your support ! It's always fun to get awesome comments like this !
About the overlapping wave rule, you are right and not right. In crypto this isn't always the case, minor overlapping stages can happen.
In a ascending trend this should be the rule, but in an descending trend, that is not always the case. BTW, in a normal correction this is an ABC or an ABCDE, and at the moment it's an ABC, so there's no overlapping rule anyway.
Thank you for your opinion and Knowledge !
When we say : Wave 4 can never overlap Wave 1. .. What we don't want to see is this : (ETHUSD)
You have to take the trend in the volume on his lowest low and Highest high and the reason is simple, the market is EXTREMELY volatile and emotional. At the end of the Day I should of place the (1) a Little Higher.