Strong B happens when A is three waved because it feels like completion of a zig zag and an end to correction, herding behavior
Normally the herd can't identify the A and they buy a long term position and In case of btc a flat can probably have the same effect, cognitively
I will not be surprised to see btc at a new low because structure based wave count has that on the table then B, of course for my level of skill however I think we are in the B of a zig zag and B might end higher than ath, flat for flat?!!
To know why the first flat is a wrong one check the related idea
Patience is virtue of kings
If you know a very good book for golden mean and Elliott wave count then introduce me ...
Normally the herd can't identify the A and they buy a long term position and In case of btc a flat can probably have the same effect, cognitively
I will not be surprised to see btc at a new low because structure based wave count has that on the table then B, of course for my level of skill however I think we are in the B of a zig zag and B might end higher than ath, flat for flat?!!
To know why the first flat is a wrong one check the related idea
Patience is virtue of kings
If you know a very good book for golden mean and Elliott wave count then introduce me ...
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.