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RE: Bitcoin EW Update - The correction continues
With BTC at 4500 today, it seems like all of those minuettes are irrelevant...?
With BTC at 4500 today, it seems like all of those minuettes are irrelevant...?
I'm showing a high of 4449.45 on the exchange I'm basing the charts off of, so the wave count hasn't been invalidated yet.
The wave count has been invalidated. I'm re-evaluating, but it's not quite clear what is going on just yet. It definitely still appears to be corrective waves, but it may be some sort of larger complex correction, possibly a double three. Once things develop a bit more and the picture is more clear, I'll post another update.
I posted a revised wave count: https://steemit.com/bitcoin/@stocks29/bitcoin-elliott-wave-revised-wave-count