BTC/USD WXY-ABCDE Triangle Still Possibly in Play
I posted this count a few months ago, and i believe this still could be in progress, as long as BTC doesn't really take a dive.
I was having trouble ascertaining what count this was, and went back and forth to an ABCDE Triangle to a WXY (ABCDE Triangle for Wave Y)
The reason I scratched the ABCDE Triangle is because these formations consist of 3 waves for each lettered wave. But in this case some of the waves have been 5 wave impulses and not abc three wave corrections.
This example is in Elliott Wave Principle on page 53 (1-47)
So this moves me to this current count (IF I'M CORRECT)
We will see how it plays out. I still have my core holdings and have ladders in with stops already planned out for my trading funds. Be cautious
I was having trouble ascertaining what count this was, and went back and forth to an ABCDE Triangle to a WXY (ABCDE Triangle for Wave Y)
The reason I scratched the ABCDE Triangle is because these formations consist of 3 waves for each lettered wave. But in this case some of the waves have been 5 wave impulses and not abc three wave corrections.
This example is in Elliott Wave Principle on page 53 (1-47)
So this moves me to this current count (IF I'M CORRECT)
We will see how it plays out. I still have my core holdings and have ladders in with stops already planned out for my trading funds. Be cautious
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