both coinbase and BFX showing bullish pattern but consider - if coinbase is right, then we are almost done with E, if BFX is right, we still have a ways to drop (and coinbase will likely break below the triangle before eventually pulling up when BFX breaks out).
Another question: what's scale should be used? In 4-hour chart, wave C looks like only half way through, but in 1-hour chart, it clearly shows it's on wave e. thank you!
Bithumb Bullflag
I was just about to ask the same question...
Maybe you can make an arbitrage opportunity.
Now that would be a bullish downward pointing flag. Hence it does not change anything in the forecast: it should go up!
I agree. It might influence a BTFD decision by waiting for the dips of alts that fluctuate with btc.
both coinbase and BFX showing bullish pattern but consider - if coinbase is right, then we are almost done with E, if BFX is right, we still have a ways to drop (and coinbase will likely break below the triangle before eventually pulling up when BFX breaks out).
Another question: what's scale should be used? In 4-hour chart, wave C looks like only half way through, but in 1-hour chart, it clearly shows it's on wave e. thank you!
1 hour Chart
4 hour chart
https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections
thanks!