Bitcoin Analysis Based on NEoWave Theory
I had just a scenario for a higher degree pattern (Orange link in the picture) But after seeing Mr. Neely's analysis, I went ahead with his scenario...
Explanation of long-term analysis:
Scenario I - If the C wave is terminal impulse pattern,
the thrust must in less than 50% time of this pattern touch the starting point of this pattern(Minimum requirement),
in this situation it is possible that the higher degree pattern is a flat.((B)-FLAT) and now c-wave has started.
Scenario II - if the C wave is neutral triangle pattern,
the thrust must between 20% and 40% time of this pattern touch between 75% and 125% the biggest wave in neutral triangle(in this case c-wave),
And also in this situation it is possible that the higher degree pattern is a neutral triangle((B)-NEUTRAL TRIANGLE) and
because the behavior of waves is unusual in triangles, so this thrust is allowed up to more than 125%.
And then we expect the formation of wave D and then E to complete this neutral triangle pattern and after that we enter wave C.
Explanation of long-term analysis:
Scenario I - If the C wave is terminal impulse pattern,
the thrust must in less than 50% time of this pattern touch the starting point of this pattern(Minimum requirement),
in this situation it is possible that the higher degree pattern is a flat.((B)-FLAT) and now c-wave has started.
Scenario II - if the C wave is neutral triangle pattern,
the thrust must between 20% and 40% time of this pattern touch between 75% and 125% the biggest wave in neutral triangle(in this case c-wave),
And also in this situation it is possible that the higher degree pattern is a neutral triangle((B)-NEUTRAL TRIANGLE) and
because the behavior of waves is unusual in triangles, so this thrust is allowed up to more than 125%.
And then we expect the formation of wave D and then E to complete this neutral triangle pattern and after that we enter wave C.
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