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RE: Bitcoin (BTC) Evening Update: Fractal #4 Potential???

in #bitcoin7 years ago

Thanks as usual @haejin! I don't know how you continue to put up with the BS on this blog but I for one am glad you do.

Question: Previously at the $5900 bottom, we were thinking perhaps it was the beginning of wave #3. However, in light of recent history, it appears that perhaps we are still working on the final stages of Wave #2. What are your thoughts?

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The Wave 1 and 2 scenario has not been invalidated. It's still work in progress. If the white brook road plays out as per below chart, then the wave 3 up should start. IF the blue brook road takes place, then the correction is not yet bottomed.

This is my second alternate where the whole thing is a wide scoped correction of ABC.

Thank you sir! So, if the blue plays out then you think we are in a bigger ABC correction and if the white plays out we are starting wave 3?

I remember you brining up this alternative a while back.......

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