Reading Time: 2 minutesThe cryptocurrency market fell to start the week as traders turned their focus to new inflation data and digested the latest in the SEC’s legal battle with Ripple.Bitcoin fell more than 2.8% to trade at $25,004.45, according to Coin Metrics. Ether, whose moves follow those of bitcoin as a “blue chip” crypto asset rather than
Dissecting The All Too Famous Zig-Zag Pattern
A zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The wave sequence is 5-3-5.
- A three wave move in Wave A, signals a flat or triangle for Wave B
- A triangle always occurs in a position prior to the final wave
- Wave C is the final wave in the sequence