vmanena
Long

Bitcoin Impulse and Correction

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin impulse and correction,wait for breakout
What if it's making a bear flag for another impulse down?
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junaidazad24 meepstone
Thanks Victor for sharing this chart.
@meepstone, Even I was initially of the same opinion but the correction in discussion is not for higher degree, we cannot ignore any candle tail. As Victor has mentioned the flag you mentioned is the micro x wave of the w-x-y correction of higher degree of sub minute x wave. The whole piece of correction is a w-x-y of degree minute. (The wave degree are based on my analysis can vary depending on what time frame you are looking at.)
Victor please correct me if I am wrong.
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junaidazad24 junaidazad24
@junaidazad24, One clarification once it reaches 16.8k we have to see whether its a w-x-y or a w-x-y-x-z.
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