You are viewing a single comment's thread from:RE: BTC update 02.02.18View the full contextswagtoshi (32)in #btc • 8 years ago Would a short wave 5 be possible? Elliott Wave rules doesn't say that wave 5 will extend past wave 3 significantly.
Yes, a short wave 5 slightly above 7500 is possible as a truncated 5.
Is there a reason for truncation other than market hype?
If even the bears expect higher prices within the next week and literally no sellers are left, truncation happens.