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RE: Bitcoin (BTC) Evening Update: Could the Bottom be IN? Check out this Analysis!

in #bitcoin7 years ago (edited)

In a contracting 3,3,3,3,3; the waves are supposed to get shorter. Your e wave is longest and so out of proportion. So, these would be in more of a parallel channel. If so, gvien how impulsive form fit is, the c wave is better labeled as 1,2,3,4,5.

But the direction is more important, and multiple counts lead to same destiantion. that's the key to TA, not the accuracy of count.