Yes, if you want go and look at the dollar a few days prior to 9/11, it reacts before the tragedy, but it was part of the bigger wave count, as if it was bound to happen?
Not really a pattern in ETN yet, this can still be a correction to the downside? If we break 72 level, I would argue that we are in wave 1. (there is some wave count that some consider, me as well, but confirmation lurks at 72?
The bounce will come, whether it was caused by a BTC move, or the launch, doesn’t matter. Wave one, is the only wave that Elliot wave cannot predict. But we look for overall negativity in the market as a point for launch. Also the main reason why I wlll buy wave 3, because it will retrace to Fib 61.8 or 78.6 (fact)
If we brake 72, I will through a bag of money, for sure?
This can also happen, when we break the support line (bottom X) we wil go down. Same for if we break the resistance line (top X) uptrend?