BTCUSD - What matters is not the count but the direction
Compared to ETHUSD Idea just posted, we see that a different count for the 2 instruments dictated respectively by price levels can lead to the same.
As long as we do not force the count into the price action, EW Theory is pretty much letting you do any combination. So, what matters is the price action and not FLAT, zigzag, impulse and other triangle and stuff structure.
Coming back to BTCUSD chart, it follows the path to levels where we should have reaction.
As long as we do not force the count into the price action, EW Theory is pretty much letting you do any combination. So, what matters is the price action and not FLAT, zigzag, impulse and other triangle and stuff structure.
Coming back to BTCUSD chart, it follows the path to levels where we should have reaction.
Order cancelled:
seems that bitcoin is taking the alternative route. I'd like to see a break above 9,755 to confirm that the correction is over.
At current levels, now that we broke above 9,387, we can still see a FLAT in the third leg. Anyhow, the structure is quite messy here. Will wait for more data to post update.
At current levels, now that we broke above 9,387, we can still see a FLAT in the third leg. Anyhow, the structure is quite messy here. Will wait for more data to post update.
