BTC as a Running Flat Correction
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Hi everyone,
Ignore the main chart - look at the updates for what I'm proposing...
Just another BTC idea I had - BTC as a running flat correction on the larger scale.
Ghost bar patterns came from:
The more detailed yellow ghost bars:
-Wave-C in Larger Wave-A, inverted to give the right price direction
-Small Wave-C in Wave-B is A+B time
-A and B in Larger Wave-B are equal in time.
Larger Wave C:
-The same as Wave-C in Wave-A, stretched to match the larger 0-B trendline .
-Larger Wave-C is equal to larger Wave-A+B time.
That puts the top at around 35k if we are to make a new ATH . It won't happen for some time from now, though.
Still debating whether this may be just Wave-A in an even larger correction, or maybe the whole correction is Wave-2 (haven't worked that out yet).
In the update below - I will put some trends I was playing around with to come up with this/help validate it.
Not trading advice.
Ignore the main chart - look at the updates for what I'm proposing...
Just another BTC idea I had - BTC as a running flat correction on the larger scale.
Ghost bar patterns came from:
The more detailed yellow ghost bars:
-Wave-C in Larger Wave-A, inverted to give the right price direction
-Small Wave-C in Wave-B is A+B time
-A and B in Larger Wave-B are equal in time.
Larger Wave C:
-The same as Wave-C in Wave-A, stretched to match the larger 0-B trendline .
-Larger Wave-C is equal to larger Wave-A+B time.
That puts the top at around 35k if we are to make a new ATH . It won't happen for some time from now, though.
Still debating whether this may be just Wave-A in an even larger correction, or maybe the whole correction is Wave-2 (haven't worked that out yet).
In the update below - I will put some trends I was playing around with to come up with this/help validate it.
Not trading advice.
Note
Note
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