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Rachel_T
Nov 7, 2018 8:30 AM

BTC Exit Pump of Primary Wave 2 to $168 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Please keep your comments professional, and also please check out my other charts for the primary wave before commenting.

Trade closed manually

Idea Failed
Comments
Rachel_T
Improved the quality of the fractal and adjusted the targets accordingly.
Rachel_T
@Rachel_T, Also relabelled the major wave correctly (ABC) not (WYZ)
Rachel_T
@Rachel_T, The ABC here to december is an inverted expanded flat (See page 26. 0104.nccdn.net/1_5/1d1/31d/37b/A.J.-Frost--Robert-Prechter---Elliott-Wave-Principle.pdf)
Rachel_T
Wave B Retracements are typically 38.2%, 50% or 61.8% but in rare circumstances (no rarer than the extended wave 3 & wave 5 on last years bull run to 20k), can also retrace to 78.6%
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