You are viewing a single comment's thread from:
RE: BITCOIN (BTC): BULL FLAG SPOTTED!
Not trying to argue or question, but I seems to recall from reading online that ABCDE often appear at wave 4 or wave B, and should be in triangle shape, either expanding or contracting. The ABCDE mentioned in this post is at wave 2 and forming a parallel channel, could it be possible that this is one of the exception?
Please keep in mind that I am just trying to learn and not challenging.
This is also correct
Cryptos are not the same as equities. There are quite a few personality differences and cooky cutter applicaton of equity based EW doesn't always fit. There are also triangles that don't count as abcde but have the pattern resemblance. Cryptos are very different.
Outstanding topic
Thanks for pointing out that cryptos are different from conventional stocks. You mentioned that in your morning video but I forget about it. Learn something new!!