Rudcardinallo

Road to 5k: Detailed 5 wave structure which makes up the last C.

Short
Rudcardinallo Updated   
BITFINEX:BTCUSD   Bitcoin
1 hour of work. I hope this helps.

Can't be bothered at haters or EW junkies those of who actually have to read the f. book again to understand violation of rules occurs in highly leveraged markets. Yes, you can't treat Bitcoin as any other asset in the stock market in terms of rule application on Elliot waves.

Don't be the frog . Get out of slowly boiling tepid water.
Trade active:
Purple target is 7k- atm and still ongoing.

Be Careful trying to catch that knife. That's a nasty candle.

If daily candle closes below 7.2k, that means we need to evaluate the situation and split the scenario.

1- Chart.
2- Purple(0) is actually is a failed wave 1. from 7.3K and that means it's going to form an ABC, B at 0.236 fib level, will calculate C as well if this come to that.


Frogs. Boiling frogs.
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