Assuming BIT price is still following EW Sequence, there are two directions of Wave 4 from now on as
per one of EW guidelines:
The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, Wave 4 will be a flat correction. If Wave 2 is flat, Wave 4 will be sharp.
which can be depicted below for BIT:
1. Quick / sharp Wave 4 just in one day as Wave 2 took 2 days already:
2. Slow / flat Wave 4, two more days to play:
I wish Option 1 - Sharp Correction so Wave 5 can take shape today, which could run by the length similar to Wave 1, i.e. 14.4 cents, leading to circa 39 cents (currently 24.5).
GLTH.
$1.00 On The Horizon, page-409
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