$BTC: Wave Patterns & Short-Term Analysis
told you as long as we’re holding
support we can still watch for higher
but this could be a wave one down and I
expected a bounce either way and yeah
this could be the wave two a b c and
then possibly a third wave down from
there four five okay and in this
scenario if we go even more de into even
more detail it’s
possible be due to this five wave move
down that this was as I said the wave
one this move up was in five waves so it
could be the a wve of wave two someone
asked me yesterday is it enough if we
get five waves up no we need five waves
up above resistance because of that
reason so if this is a five wve pattern
to the upside it suggests that we get
one more leg up before breaking below
the Thursday
low which however would be now the ideal
spot to start that leg up um but that
would not necessarily be bullish
shortterm maybe and we could work on an
ABC structure here
$BTC: Wave Patterns & Short-Term Analysis
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