Bitcoin Larger Time Frame Count (in red) current $4155 16Aug2017
Just to clarify, the previous Wave count (blue) I showed yesterday is within a larger Wave count (in Red)
So what we see is a wave count within a larger wave count - both are in Wave 3 (blue is a child wave count, and red is a parent wave count).
Again, I must clarify 2 things:
1. The Wave 3, 4 and 5 are not my price forecasts so don't take these price points literally, it's just a Road Map
2. Wave 3 has NOT BEEN CONFIRMED yet so therefore we must assume it has not ended until the Market declares to us otherwise
In other words, there is nothing to stop Wave 3 going higher now.
Think of it like this... a minute count is within an hour count; an hour count is within a day count; a day count is within a week count etc....it's all Waves within Waves
I hope that clarifies things
Sean Vengan
Professional Cryptocurrency Trader and Trading Educator
So what we see is a wave count within a larger wave count - both are in Wave 3 (blue is a child wave count, and red is a parent wave count).
Again, I must clarify 2 things:
1. The Wave 3, 4 and 5 are not my price forecasts so don't take these price points literally, it's just a Road Map
2. Wave 3 has NOT BEEN CONFIRMED yet so therefore we must assume it has not ended until the Market declares to us otherwise
In other words, there is nothing to stop Wave 3 going higher now.
Think of it like this... a minute count is within an hour count; an hour count is within a day count; a day count is within a week count etc....it's all Waves within Waves
I hope that clarifies things
Sean Vengan
Professional Cryptocurrency Trader and Trading Educator
I just want to clarify, as a few people have asked if these are my price targets.
These are NOT PRICE PROJECTIONS (im putting these in capitals so you all know these aren't targets).
As I wrote in my analysis it's just a ROAD MAP. in terms of broad direction of the market