DislikedYeah I'm somewhat glad they killed SR. Despite the idea of taking drug of the street had potential, if they didn't btc would have been the one to die. It's a contradiction because if you look at the low it can't be a wave B, but if you start by the high, then it does show as a B... I'm afraid we are actual neither going to the moon nor to the center of earth any time soon. And may be those PA could be misleading because we are looking at them with a expectation of either ? edit : also an other question, after looking at btc history, [b]have you...Ignored
1) Well of course a B wave has either 3 or 5 subwaves. If it's 3 subwaves then the last subwave is always an impulse or diagonal, namely subwave C. If wave B has 5 subwaves then it is a triangle. Triangles usually occur in B waves and 4th waves. In my previous post those waves circled in red are B waves (well the second one from the top is actually a D wave which is functionally no different from a B wave). B waves have the distinctive role of moving against the direction of trend - "correcting the correction" as it were! So they are usually characterized by choppy wave action and irrationality. We've been saying this current wave up is "not behaving as expected" but it is not very choppy... so there is no clear sign if this is the pre-launch or the pre-drop.
2) If you mean can a B wave make a high, higher than wave 5. Indeed, and this is called an irrelgular top. I played with the idea that BTC had made a wave 5 top at 750 in mid-November and that the wave to above $1000 was in fact a B wave followed by a C wave to the lows. But I quickly abandoned the idea - although theoretically possible it just doesn't make sense to count this chart in this way - the A wave is just too small and the C wave from the top just too big by comparison. Not sure this is what you were refering to... maybe ask the same in a different wording... "topping"?...
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