This might look a bit messy, but what I have here is called a "flat". It's a correction that consists of three major waves (ABC) (in the pink). Each wave has a number of sub waves. Wave A containing three sub waves (as shown, A B C in the orange going DOWN), Wave B containing three sub waves (as shown, A B C in the orange going UP), and Wave C containing 5 sub waves (as shown, 1 2 3 4 5 in blue going down). Even if the final wave dips a little lower, it's still a healthy correction.
Kommentera:
Looks like the last wave will dip a little lower.
Kommentera:
So I did not realize this until now, but there's a shoulder pattern within a shoulder pattern. I believe we are done with the correction. I will publish my next idea very soon.
Kommentera:
New idea on Bitcoin from me is up, check it out!