The_202_Quants

BTCUSD - What matters is not the count but the direction

The_202_Quants アップデート済   
BITSTAMP:BTCUSD   ビットコイン/米ドル
Compared to ETHUSD Idea just posted, we see that a different count for the 2 instruments dictated respectively by price levels can lead to the same.

As long as we do not force the count into the price action, EW Theory is pretty much letting you do any combination. So, what matters is the price action and not FLAT, zigzag, impulse and other triangle and stuff structure.

Coming back to BTCUSD chart, it follows the path to levels where we should have reaction.

注文をキャンセル:
seems that bitcoin is taking the alternative route. I'd like to see a break above 9,755 to confirm that the correction is over.
At current levels, now that we broke above 9,387, we can still see a FLAT in the third leg. Anyhow, the structure is quite messy here. Will wait for more data to post update.
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