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RE: Bitcoin (BTC) Evening Update: Target $7,340 and then $8,016
Hi Haejjin. First of all... Thank you so much for all the outstanding Tech Analyses you have shared with all of us. It's great of you to share your knowledge and expertise. In reply to your latest BTC post, I have the following question: What are your thoughts about the following pattern I discerned today -
I think it's important to know what your fives waves are subwaves to...in other wrods try and count a higher degree of trend.
when I look at it it seems a ABC correction is done for in a bigger cycle of waves....
Meaning it could be wave 1 of 5?
Or the beginning of wave 5?
am I correct?
Thanks so much for the feedback. Looks like I've got some homework to do. Lol
I also replied to your chart in the other thread....be sure you are consistent with your tops and bottoms.....in some spots you ignored heavy volume buys and sells, and in others you included spikes of very little volume. Keep at it, and keep learning. Make sure you view the tutorials and back videos for an excellent and encouraging learning experience!
Thanks you for the awesome feedback. I'll make sure to review Haejin's tutorials. Learning the details of Elliot Waves is very exciting!
this seems realistic