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RE: BCH Bitcoin Cash November 22 Entry $1150 $1200, T1 $1375, T2 $1,600

in #bitcoin7 years ago

Hey man, thank you so much for all that you do.
I learned a lot in such shorter time with your help.
Being a newbie in the space, I have a curiosity: How do you call and analyze the waves that retrace into the 1st wave territory?
For instance, look at BCH:BTC... The BCH:USD looks a bit different, but when looking at the 3rd wave correction for BCH:BTC (the one that started around 22 Nov, peaked around 23-24 nov and had bottom of correction on 26 nov) the 3rd wave retracted bellow wave 1 territory.
Are these in practice counted also as Elliot waves being exceptions, or different TA is required?

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