noble1ones

UPDATE : First leg complete from bottom

BITSTAMP:BTCUSD   Bitcoin
It appears that the call was spot on and the first leg has completed from the bottom call. On the daily chart( a prior chart I created as well) we have a 2B Bottom pattern that has formed. As I mentioned in a prior comment in a reply, classic patterns lack refinement. EW offers the refinement for pinpointing precise entry & exit points with the least amount of risk within any "classic" pattern structure. Eg: Often an intra-day EW 5 wave cycle will terminate not long after a daily 2B bottom entry signal will appear. Then an EW correction occurs and breaks down below the daily 2B bottom entry point, then resumes upwards. EW, in my opinion, offers a more refined and precise entry point within a classic pattern. Wishing you all the very best!
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