So what we see is a wave count within a larger wave count - both are in Wave 3 (blue is a child wave count, and red is a parent wave count).
Again, I must clarify 2 things:
1. The Wave 3, 4 and 5 are not my price forecasts so don't take these price points literally, it's just a Road Map
2. Wave 3 has NOT BEEN CONFIRMED yet so therefore we must assume it has not ended until the Market declares to us otherwise
In other words, there is nothing to stop Wave 3 going higher now.
Think of it like this... a minute count is within an hour count; an hour count is within a day count; a day count is within a week count etc....it's all Waves within Waves
I hope that clarifies things
Professional Cryptocurrency Trader and Trading Educator
I just want to clarify, as a few people have asked if these are my price targets.
These are NOT PRICE PROJECTIONS (im putting these in capitals so you all know these aren't targets).
As I wrote in my analysis it's just a ROAD MAP. in terms of broad direction of the market
thank you to sharing this information I am finding it valuable. I found one point to be cleared, maybe I am not thinking right. Concerning the waves: even if the blue (3) is in development would the end of red (3) be at the end of blue (5)?
All the rules you talked about is a must. Especially keeping them which is difficult for me because it is a psycho thing. Could you recommend where to look to find answers why people (including me) sabotage their own rules and how to overcome on them? Thank you.
The above diagram I drew to illustrate that we are in a wave 3 on both timescales.
Indeed self-sabotage is what screws up most traders - I teach how to deal with all of this (refer my profile link as I am not permitted to post links)
Thank you all the effort put into the productions of these materials. Waiting for the launch of your website, already registered.
Exactly, my friend as I'm trying to shout out to everyone - we haven't had a confirmed Wave 3 yet this can keep going.
I think some traders are thinking i'm saying wave 3 has ended - well im not, there nothing to say it has ended - we are still in Wave 3.
So yes, a continuation of Wave 3, which I'm actually expecting...
Absolutely, the bigger the time frame the more significant the pattern is (eg Head &Shoulders) - but i don't see a H&S on a weekly chart - let me know if i'm missing anything.
I haven't taken the time to study any correlation between IOTA and Bitcoin so you know more than me, so I cannot advise you on this.
If you say they are closely linked then yes I am waiting for a pullback to go back in Long BUT we still don't know if its ready for a pullback it could well want to go further higher so premature to talk of a pullback yet...