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RE: Bitcoin (BTC) Morning Update: Revised Target $10,600; Bitcoin Cash to become Phasic with Bitcoin? Check it out in this analysis!
Thanks! when you say you step aside on corrections... do you get rid of the BTC? or just hold for the correction? if you sell it, do you . sell into alts? or just cash?
Thanks again! great article
either or...if short term trade, I sell; if longer term, i hold.
Hi Haejin, I think your last chart in this post answers a question that I have been wondering about recently, but I'd like to make sure I have it right. You have said frequently that after 5 waves up, the abc correction will go down to the level of the previous wave 4 ( I take that to mean a range of the top of 3 and the low of 4).
BUT, what happens when it is wave 5 of 5? Do you expect the correction to go down to the higher order or lower order 4? In this case, you have white circled 5 of blue v of white (iii) completing. You then have the white (iv) wave correction to the range of blue iii-iv, that is the higher order, rather than white circled 3-4 (the lower order).
Is that the general rule? Would really appreciate confirmation (or correction!). Thanks as always for your time!
goodpoint @cryptosuf, the last btc correccions have happened in minutes, price suddeenly went down and suddenly it went up, which mean that if your luckly infront your comp, logged in a "decent" exchange probably you can catch the wave. going fiat is safer, going into alt is a lotery if you pretend to go back in minuts to btc, hold with a beer watching TWD is the best :)