so just an idea based on that rising wedge and impulse wave theroy? what dya think? obviously if BTC decides to go parabolic just ignore everything and sell. :)
This is my alternate count although I see the wave 1 as a truncated C.
thekevin
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@thekevin, wave 2, I mean! Your wave 1 being a B corrective wave.
Spocks-Beard
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@thekevin, ah ok cool. i get it. Ive not been trading waves for very long so just put it out there for some feedback really. i love the fractal nature of them
thekevin
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@Spocks-Beard, Your count is more than valid and I would bet my bottom dollar that many are trading according to that wave count. However, using moving averages I came to the conclusion that the potential wave 1 was just a B wave - as it did not technically 'uptrend'. It seemed like an oversold bounce as it was hit pretty hard compared with other projects.