I believe that these are ada's waves and that we are in the beginning of its correction.. we are seeing rejection of the 50 fib suggesting a finished correction although the correction doesn't match up with the timeframe. corrections are longer than impulses most of the time and btc still needs to correct. (see my previous posts) This leads me to believe we are on ada's b wave of its abc correction, giving us more room to fall. Hopefully stopping at the .382 fib.
Let me know what you think! thanks! :)
Let me know what you think! thanks! :)
Kommentera:
small correction. .618 fib is what i meant in the last sentence haha
Kommentera:
also, the b and c are not calculated, just rough targets
Kommentera:
by rough targets i mean like the time frame is off completely