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RE: Bitcoin (BTC) Morning Update: Stab Me With That Bull Wick!
what about the whole correction a contracting triangle correction as shown below? Where by book wave C is a longer lasting zigzag which we can make a case about. so C can't end beyond A i.e. $5900.
please share your comment -
The first bulltrap, do you just ignore that? Correction usually start at the top..
C lower and E to about 4k$ makes sense, it will be a kind of wedge and make the chart bullish again in may, june, what makes also a lot of sense when looking at other big coins as LTC or ETH but even the majority of alts. May and june should be huge, if not we are in trouble and having to wait more ...
if my assumption of contracting triangle is correct it won't hit 4k. as by rule C can't go beyond A=5900 and E can't go beyond C. So we won't see any 4k or 3k . if we do this assumption is wrong.
For a symmetrical triangle , yes. But not for a wedge.
Did you get any golf in?
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For a symmetrical triangle , yes. But not for a wedge.
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