Thanks! XVG/BTC - I think we are still in an ABC correction and in the larger B wave. It looks like a flat (3,3,5) to me. Can you verify my thought process?
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Thanks! XVG/BTC - I think we are still in an ABC correction and in the larger B wave. It looks like a flat (3,3,5) to me. Can you verify my thought process?
And thats exactly my question:) To me it also looks like a flat 3,3,5 forming. I target around 520.
If it is a flat I wouldn't expect the price to drop much more than around 713. A flat correction doesn't have enough downward pressure to go much further below the previous A wave. I also noticed a flat subwave so it could be a fractal of the outer pattern.
Well, best to keep a close eye to the c wave! I am sure it will go below 600 in relation to the extended fifth wave...
That would be fantastic ;)