You are viewing a single comment's thread from:

RE: Bitcoin (BTC) Evening Update: MACD Triggers a BUY Signal!!

in #bitcoin6 years ago (edited)

The resistances are valid, but not your wave counting; wave 4 cannot overlap wave 1, except in strongly leveraged markets, and to a acceptable point. This occurs within your chart between (D) and (E). Why and how to label it then? Compare your labelling with Haejin's ;)

Sort:  

The chart has been playing correctly for about two weeks now. No invalidation so far.. seems like 5 waves down is a must.