What we thought of as Wave B of a bigger Correction was IN FACT the FIRST WAVE of a new UPTREND move. - A New 5-Waves move UP !!!
The correction was in fact completed when BTC dipped below 3K.
We were, therefore, waiting for a Wave C that in retrospect was already completed.
There are 3 important technical elements that confirm that.
1) The First is the Shape or the Pattern of Wave 1. -- It is a ( or a ). -- This can almost only be seen in the Wave I or V positions.
A Wave B is almost NEVER in the form of a .
2) The Second Proof is the DEPTH of Wave II.
Wave II's Depth and Retracement is EXACTLY that of a Wave II following a Wave I that shows the pattern of a .
Obviously, it cannot be a Wave C as the Depth and retracement shown here are insufficient.
3) The third and most obvious Proof is the Breakout that occurred today on rising . That completely invalidated my previous Analysis and that of Goldman Sachs.
With a Correct Wave Count, I could have timed my entry in a much better way.
At least, I recognized my mistake soon enough to correct it in a timely matter.