Thanks for the note. Yes, I see and understand your wxy count. The occurrence of wxy is more common in cryptos than stocks, like the extended fifths. My primary count still stands as:
My bullish alt for BTC is:
Whether wave III is done or about to, I'm selling into this wave v of III. Fifth waves are ALWAYS my profit taking waves and have my profit sell ladder rungs in place from a week ago. My objective is to await Wave IV and ladder in my buys.
My wave C of Wave IV stop points are per the dotted horizontal black support lines. The first one is what BTC has bounced off of giving the $300 rise. If my count is correct, wave B is in progress. Reaching that first dotted line could then give a nice H&S Top pattern. Post this, down to $3,000 or so as next stop.
Yes, thank you for the update. I saw your post earlier today.
It could be, but this H&S does not look right to me. Can't say why. It's just a gut feeling
i like your blogs! Folllowing!