noble1ones

Relabeled Update: Bitcoin Intra-Day "Complex" Correction

Long
BITSTAMP:BTCUSD   Bitcoin
Upon scrutinizing my EW pattern labels from where I believe the correction began, I realized that I had mislabeled Wave C prematurely in the Expanded flat as a Wave C in a Running Flat. This error threw the rest of the count out of whack. Prior posted charts can be viewed to see the mislabeling error. Therefor I corrected it as can be seen in this zoomed in part of that correction. This suggests that the complex 'double three' correction is an Expanded Flat, connected to an X wave, of which connects to a Zig-Zag. Wave C of that Zig-Zag is the strong downward thrust that appeared to breach a symmetrical triangle, which will be updated on another chart following this one. There never was a Symmetrical triangle. Classic TA can give us that sort of false impression. I drew it myself as a Classic pattern. However, it was a figment of my imagination..........
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