Also worth noting that "running flats" like the one we had on ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 for our 2nd subwave (quoted tweet) are a testament to the bullishness of an asset that is mid-impulse. Momentum is strong enough that we fail to take the lows of what is supposed to be "ranging PA" leaving us with the characteristic structure that you see on a "running" flat. Here are two examples that instantly came to mind- back when bitcoin:native had the first major impulse (subwave 1) of the higher TF cycle that began in 2017. Our rally from 3k to 14k gave us two clear running flats on the way up, with barely any pullbacks of significant until we had completed this 1st five wave move to the upside.
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