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RE: Bitcoin (BTC) Evening Update: Short IHS Pattern Invalidate but Medium to Longer Terms Remain Unchanged
Yes, the E wave is often the shortest and that is the primary count. The below chart also shows that the E wave is NOT always required but breakouts can occur at the D:
So, it proved to be zigzag after all with deeper retracement toward previous wave 2 rather than 4. Other than that, nothing really changed yet and primary count (C of ABC up, creating D, probably followed by E down to the level of longterm trend) isn't invalidated.
Getting really angry seeing so many comments of people panicking BTC decided to take a slightly different route to the same point. Thanks for Your reply.