You highlighted the completion of a 5 wave correction, identified the fib retrace range, but for some reason you chose to go with the RSI and forecast a continuation contrary to your own pattern?
You may have also overlooked the 38% retrace at the close of $5776, before u set your forecast range.
Your other chart from Oct 21 actually predicted something closer to correct'ish, why did you change your mind...?
It's a nice wave chart otherwise.
FUNTRADER-Vera
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@BillyMadison, becoz the candlesticks keep changing.
And no one should or could forecast a really accurate povit on any pair.
A range meaning you need to watch if price will go with you , and the key is candlesticks.
BillyMadison
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@FUNTRADER-Vera, Sorry I'm a bit late at reading this and No. You can forecast within a reasonable range on this and any pair and you actually DID forecast the beginning of the inflection point correctly using your 5 wave analysis, but you should have noticed the Fib retrace and understood what the closing of that 5th wave signaled. It was an obvious bull signal. The Marubozu candle @ "E" and the following bull bozu 11 candles after were pretty big flags.
I like your analysis, but you seem inexplicably bearish on crypto.
sciack
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you are a genius
hunatusudtag
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Hi FUNTRADER-Vera, please share more of your views on BTCUSD, thanks!