I have been studying the Bitcoin correction for the past two weeks and ended up drawing these patterns.
-Main diagonal corresponding to wave A of the correction.
-Simple Zigzag corresponding to wave B of the correction.
-The expansion diagonal of the Weird Ending corresponding to wave C of the correction. I know that the final diagonals can appear at the position of wave C of the A-B-C formations, but this one is strange because its waves are all inverted. Waves 1-3-5 of an uptrend diagonal touch the upper line and 2-4 the lower one; well, the opposite is happening with this pattern.
So ... is this a possible pattern? Any ideas? Correct me if I'm wrong about something.
Thank you for reading!
-Main diagonal corresponding to wave A of the correction.
-Simple Zigzag corresponding to wave B of the correction.
-The expansion diagonal of the Weird Ending corresponding to wave C of the correction. I know that the final diagonals can appear at the position of wave C of the A-B-C formations, but this one is strange because its waves are all inverted. Waves 1-3-5 of an uptrend diagonal touch the upper line and 2-4 the lower one; well, the opposite is happening with this pattern.
So ... is this a possible pattern? Any ideas? Correct me if I'm wrong about something.
Thank you for reading!