BitcoinUpdated BTC 3 hour - Battle of the EW count
Simple science here...or is it? There's two ways to count it. EW is a great guide, although it is subjective sometimes. I have one of these examples plotted. I have in the past got frustrated doing EW count because of this exact reason. I like EW don't get me wrong, I appreciate and respect it very much.
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when is it over ???price goes past blue #1 ... bearish trend
price goes above the recent high ... bullish trend
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The point is for this chart is it going to be the blue count or the red count .. Will price end up being bearish or bullish..
I did find an error with math no big deal for this example.
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now 4 % away from Bear Country
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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.