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RE: Bitcoin (BTC) Morning Update: One More Lower Low Likely

in #bitcoin • 8 years ago

I would respectfully disagree a bit here. if A wave has a 3 minor waves a-b-c Why C wave won't have that? C wave can't be just 1-2-3-4-5, but a proper abc just like A wave. Please share your comments and opinions

8 years ago in #bitcoin by
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       8 years ago (edited)

      No. C waves always do have 5 waves in any of these formats: flat, expanded flat, zig zag retracements.
      The only case the last wave of a correction/consolidation would only have 3 waves is within an ABCDE pattern wherein each move is composed, on a lower degree, of 3 waves:

      Hope it makes sense.