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RE: Bitcoin BTC Feb 19 Morning Update Technical Analysis - A Case of Two EW Counts
Just a little bit further in the guidelines ('alternations within impulses'):
"If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa".
Looking at your previous count here :
https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/DQmSctVLkk7dKzfjkpgVgAn2CoovqDVb3acY7VtkcUgfi3h_1680x8400
That 4th seems quite sideways indeed, in indsight.
Wouldn't that imply a very bullish 5th wave ?
(Note : I still have to watch the video, sorry - I'll get to it right now)
Ok, video watched. Aaaand of course you covered it :)
I guess I'm also making a mistake by saying the 4th looks sideways. It doesn't. (Yet ?).
... That being said, that noob here still have to get through the second part of your tutorial series and yet tries and dares to count Elliot Waves ; can you freakin' believe it ??
Well, I'll shut my mouth and wait till I have a better understanding of all this ^^
Thanks again for sharing your work.
Cheers.