You are viewing a single comment's thread from:RE: NEO is BUSTING OUT!! Run NEO to $60.47!!!View the full contextView the direct parenthaejin (85)in #bitcoin • 7 years ago Well Done!
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If red b is higher than prior high, then c needs to be lower than red a; this would then give an expanded flat (3,3,5).
https://elliottwave-forecast.com/elliottwave/the-elliott-wave-expanded-flat-correction/
I was going with running flat, which I see now is very rare. I'll stick to the basics. Thanks, coach. I'm starting to trust my eyeball.
Yeah, running flats are uncommon. Though, Cryptos are not the same as equities so can't exactly overlay the equity personality over the cryptos.
I for instance find expanded flats to be very common in cryptos...eg. the btc correction now.
Also, cryptos traits:
Fifth waves on daily degree are often extended
Hurry Up and Wait syndrome
Phasic/Non Phasic of Alts to Mother BTC
Rare for truncated fifths in cryptos
etc etc