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RE: Bitcoin (BTC) Evening Update: No Crash coming, ONLY Healthy Corrections...why? Find out in this video analysis!
Hi Haejin. I was wondering what happened to the big correction scenario. I'm asking this because many of your long time followers, like me; might be in a bit of confusion right now. So, we had three scenarios on the larger play: 1) direct big correction, 2) extended wave 5 to around 8.5k - 9k then correction, 3) price traction over the rising wedge, moving to another level without the big correction (I remember you saying "if this scenario happens, it's a whole new game"). So which scenario, in terms of EW do you think is in play right now? Thanks!
The fact that there is a bullish setting in the Altcoin (Bullish Downward Symmetrical Triangles, Cup & Handle, Jaws of Wealth) patterns, Bitcoin is not expected to top for a while now. I can't see BTC doing it's big picture correction while the Altcoins are so bullish. So, as said in recent updates, I believe the top will be signaled by the Altcoins once they execute their bullish patterns. When? Not sure yet.