I'm only short for BTC near term until this wave 2 finishes Sep-Oct. Once it completes this wave 2, I'm bullish.
Scenario 2 for me is the expanded flat.
Scenario 1 is a Sideways Double Combo, barely. I'll post a chart link below.
I realize my wave B is a low probability due to the terrible (a) to (c) relationship, with an ending expanding diagonal to boot.
I could have run with a wave B flat.
Statistically, flats do occur in the wave B of a flat roughly 10% of the time, according to the work by Rich Swannell.
If I used the flat, it would then incorporate that upper chop anyway into a ugly wave-c. And wave 4-5 of the "c" is out of ratio to wave 1-2. So that seemed like stacking low probabilities. I saw it as pick your poison.
Scenario 2 for me is the expanded flat.
Scenario 1 is a Sideways Double Combo, barely. I'll post a chart link below.
I realize my wave B is a low probability due to the terrible (a) to (c) relationship, with an ending expanding diagonal to boot.
I could have run with a wave B flat.
Statistically, flats do occur in the wave B of a flat roughly 10% of the time, according to the work by Rich Swannell.
If I used the flat, it would then incorporate that upper chop anyway into a ugly wave-c. And wave 4-5 of the "c" is out of ratio to wave 1-2. So that seemed like stacking low probabilities. I saw it as pick your poison.
Nota
I put yellow Intermediate wave labels (1) (A) (W), as there is a possibility that BTC pumps up to finish a macro correction, then another lengthy bear market starts. So I keep those there to remind myself.Nota
So here is the Scenario 1 . I think my friend PK shows it best.
Nota
My chart Scenario 2 is trash guys. I have a minuette wave (iii) as the shortest wave. I totally overlooked it.Nota
Nevermind. My chart is valid. Wave (iii) is not the shortest.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.