Bitcoin has made 5 waves down move from all time highs. Corrections are almost always 3 waves once complete. Either 3-3-5 or 5-3-5 without getting into complex correction nonsense labeling. So 5 waves down should mean this is only the first wave (wave A) of a 5-3-5 (ABC). But seeing how price has already retraced 50% of the drop, time (of waves B & C) should likely complete fairly soon - 3rd or 4th week of June???
People are ranking the worlds biggest ponzi scheme as top #20 company in the world. Amazing times. Soon Bitcoin will cure cancer and Tether will pump to 2$.
As mentioned until wave B breaks ath's this is just an ABC correction. Yes 3 waves up is typical 5 -3-5 and we can see 3 waves. @johnarb Here's a more detailed explanation: Corrective Waves: These are three-wave structures that move against the main trend. B Wave: In a corrective pattern (like a zigzag or flat), the B wave is a counter-trend movement, typically consisting of three sub-waves. Example: Wave A and Wave C in a zigzag are five-wave impulsive structures moving in the direction of the main trend, while Wave B is a three-wave counter-trend correction. @johnarb is thumbs upping you without realizing you are agreeing with me lol.
It's doing exactly what I said it would do....????? I posted this on May31 lol I had 108k as a good level for B weeks ago...and you guys are all excited about it now? Try to keep up!
I initiated transfer of funds and was able to buy more mtplf this morning, I think it's because I already have enough value in the account, I think bitcoin will go above $110k this week and that will be the new 10k level support bitcoin is doing stairsteps every step is $10k increment
??? Yeah and? That still stands...ABC correction remember? I was literally dumbing EW down to words for you. Trying to talk TA with you is seriously frustrating.