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RE: BITCOIN (BTC): BULL FLAG SPOTTED!

in #bitcoin • 7 years ago (edited)

I believe greater confidence is with the pattern that jives with Elliott Waves. This is why I've been combining both methods for over 15 years. It's far from perfect but I failed in trying to use just patterns starting in 1997 and failed in trying to just use EW. Then in 2003, combined the two.

The 15 min chart to me shows more a completed and confirmed wedge. A breakout jives well with the next impulse count on EW.

7 years ago in #bitcoin by
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     7 years ago 

    Outstanding topic

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     7 years ago 

    Wouldn't this be the correct EW count?

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       7 years ago 

      Outstanding topic

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       7 years ago 

      Unless it's a leading diagonal, your 3/4 overlap isn't allowed.

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       7 years ago 

      Yes, diagonals are common in subwave charting, and trying to locate the final end to C wave. Good call on this one. Channeling ABCD is wild, and really thinking outside the box.

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