Pages:
Author

Topic: 2021 Elliott Wave - page 8. (Read 3688 times)

sr. member
Activity: 559
Merit: 281
January 22, 2021, 10:10:15 AM
#36
Est-il possible que la vague 2 soit de type Z et que la vague 4 de type P ?
La durée d'une vague P est au minimum de 2 fois la durée de la vague Z.
Ce qui impliquerait une durée minimum de 42 jours.

la proposition de ce type de décompte est surligné en jaune fluo sur votre graphique que j'ai recopié.

Merci



Yes, its possible. But so are a number of other scenarios. Best to anticipate the most simplest structure first, and then adjust for complexities as required.

Once five impulsive waves can be discerned from a low, on at least the hourly timeframe, a call for a potential bottom can then be attempted.
JL0
full member
Activity: 817
Merit: 158
Bitcoin the Digital Gold
January 22, 2021, 09:26:27 AM
#35
Perhaps a final leg lower to complete the pullback...?
Thank you for your update. What you think about Masterluc's idea ?

https://www.tradingview.com/chart/BTCUSD/gHUEkf5l-Current-daily-alarming-signals/
newbie
Activity: 16
Merit: 2
January 22, 2021, 09:15:45 AM
#34
Thoughts on this 4th wave playing out as a few weeks of sideways (ranging between ~30-35K) action rather than making a new local low?


The corresponding Wave-2 to this Wave-4 occurred in AUG-2020, and it took 4 weekly candles to play out, and it was a shallower 20% pullback.



Est-il possible que la vague 2 soit de type Z et que la vague 4 de type P ?
La durée d'une vague P est au minimum de 2 fois la durée de la vague Z.
Ce qui impliquerait une durée minimum de 42 jours.

la proposition de ce type de décompte est surligné en jaune fluo sur votre graphique que j'ai recopié.

Merci

Is it possible that wave 2 is type Z and wave 4 is type P?
The duration of wave P is at least 2 times the duration of wave Z.
This would imply a minimum duration of 42 days.

The proposal of this type of count is highlighted in fluorescent yellow on your graph that I copied.

Thank you

https://invst.ly/tjwky
newbie
Activity: 16
Merit: 2
January 22, 2021, 06:28:26 AM
#33
Thank you for updating the analysis on this thread.

I was afraid that something bad happened to you (with the Covid hanging around it happened quickly) not seeing any more news about the old 2019.

Happy new year
sr. member
Activity: 559
Merit: 281
January 22, 2021, 02:12:50 AM
#32
Perhaps a final leg lower to complete the pullback...?

sr. member
Activity: 559
Merit: 281
January 14, 2021, 03:39:42 PM
#31
Thoughts on this 4th wave playing out as a few weeks of sideways (ranging between ~30-35K) action rather than making a new local low?

Its possible this Wave-4 does meander sideways for a few weeks, but still overall expecting a revisit to the 04-JAN-2021 lows.

The corresponding Wave-2 to this Wave-4 occurred in AUG-2020, and it took 4 weekly candles to play out, and it was a shallower 20% pullback.

The rule of alternation would suggest a sharp pullback in Wave 4, yes.

Sentiment feels very "Wave B" to me (as in Wave B of a higher degree ABC sharp Wave 4). Mid-June 2017 comes to mind. Everyone seems very quick to assume we're going to new ATHs immediately. Binance and Bitmex swap funding rates are already back at 0.06%. Sentiment just feels a little bit too greedy still. A sweep below $30K would shake confidence perfectly, leaving bulls out of position, setting the stage for another parabolic leg up.

Thanks for the updates, xxxx123abcxxxx. Very informative!

Agreed.
Actually I am in between Mid-June 2017 and Nov 2017. But as you said everyone seems to be very quick for the ATHs.

Agree, still thinking the rise from the 11-JAN-2021 low to present is a B-wave. But if it exceeds all-time highs, then will have to begin considering the resumption of the uptrend.

Wave pattern-wise, ought to be equivalent to 12-JUN-2017 to 16-JUL-2017 —a period of MINUTE [iv] pullback during the Halving.

full member
Activity: 161
Merit: 175
Hello World!
January 14, 2021, 02:03:32 PM
#30
Thoughts on this 4th wave playing out as a few weeks of sideways (ranging between ~30-35K) action rather than making a new local low?

Its possible this Wave-4 does meander sideways for a few weeks, but still overall expecting a revisit to the 04-JAN-2021 lows.

The corresponding Wave-2 to this Wave-4 occurred in AUG-2020, and it took 4 weekly candles to play out, and it was a shallower 20% pullback.

The rule of alternation would suggest a sharp pullback in Wave 4, yes.

Sentiment feels very "Wave B" to me (as in Wave B of a higher degree ABC sharp Wave 4). Mid-June 2017 comes to mind. Everyone seems very quick to assume we're going to new ATHs immediately. Binance and Bitmex swap funding rates are already back at 0.06%. Sentiment just feels a little bit too greedy still. A sweep below $30K would shake confidence perfectly, leaving bulls out of position, setting the stage for another parabolic leg up.

Thanks for the updates, xxxx123abcxxxx. Very informative!

Agreed.
Actually I am in between Mid-June 2017 and Nov 2017. But as you said everyone seems to be very quick for the ATHs.
legendary
Activity: 1806
Merit: 1521
January 14, 2021, 06:42:45 AM
#29
Thoughts on this 4th wave playing out as a few weeks of sideways (ranging between ~30-35K) action rather than making a new local low?

Its possible this Wave-4 does meander sideways for a few weeks, but still overall expecting a revisit to the 04-JAN-2021 lows.

The corresponding Wave-2 to this Wave-4 occurred in AUG-2020, and it took 4 weekly candles to play out, and it was a shallower 20% pullback.

The rule of alternation would suggest a sharp pullback in Wave 4, yes.

Sentiment feels very "Wave B" to me (as in Wave B of a higher degree ABC sharp Wave 4). Mid-June 2017 comes to mind. Everyone seems very quick to assume we're going to new ATHs immediately. Binance and Bitmex swap funding rates are already back at 0.06%. Sentiment just feels a little bit too greedy still. A sweep below $30K would shake confidence perfectly, leaving bulls out of position, setting the stage for another parabolic leg up.

Thanks for the updates, xxxx123abcxxxx. Very informative!
sr. member
Activity: 559
Merit: 281
January 12, 2021, 11:08:32 PM
#28
Thoughts on this 4th wave playing out as a few weeks of sideways (ranging between ~30-35K) action rather than making a new local low?

Its possible this Wave-4 does meander sideways for a few weeks, but still overall expecting a revisit to the 04-JAN-2021 lows.

The corresponding Wave-2 to this Wave-4 occurred in AUG-2020, and it took 4 weekly candles to play out, and it was a shallower 20% pullback.

Since this Wave-4 has already had a 30% pullback in 4 days; if it doesn't complete by this week, it ought to complete by next week is the current thinking.
member
Activity: 119
Merit: 19
January 12, 2021, 10:33:40 PM
#27
Thoughts on this 4th wave playing out as a few weeks of sideways (ranging between ~30-35K) action rather than making a new local low?
sr. member
Activity: 559
Merit: 281
January 11, 2021, 09:30:32 PM
#26


sr. member
Activity: 559
Merit: 281
January 10, 2021, 04:11:37 PM
#25
sr. member
Activity: 559
Merit: 281
January 09, 2021, 01:18:48 AM
#24


sr. member
Activity: 559
Merit: 281
January 07, 2021, 11:11:58 AM
#23
Thanks for the updates, as far as I remember, you were expecting a primary WXY wave for the major altcoins, I wonder if you are still going with those counts.

Not tracking the Altcoins in detail, but suffice to say a rising tide carries all boats. ETH and LTC charts are below, heading to beyond their 2018 all-time highs...





full member
Activity: 161
Merit: 175
Hello World!
January 07, 2021, 07:17:18 AM
#22
Thanks for the updates, as far as I remember, you were expecting a primary WXY wave for the major altcoins, I wonder if you are still going with those counts.
sr. member
Activity: 559
Merit: 281
January 07, 2021, 01:33:21 AM
#21


sr. member
Activity: 559
Merit: 281
January 04, 2021, 07:27:58 AM
#20


sr. member
Activity: 559
Merit: 281
January 02, 2021, 03:18:16 PM
#19
sr. member
Activity: 559
Merit: 281
December 31, 2020, 09:08:04 PM
#18
Thank you for your prompt reply. I still have a little Fiat left. I would like to hear your advice on where to buy or where to place an order to buy.

Currently expecting the uptrend which began on 27-JUN-2020 to complete around $35,000.
At which point, expecting a notable pullback, which ought to serve as a buy entry point.
sr. member
Activity: 559
Merit: 281
December 31, 2020, 09:01:21 PM
#17
If it continues into all time high area again, do you see this pull back invalidated? Could the pullback on the 4 hour chart have been the correction a couple days ago with the way it’s been moving?
It appears MINUETTE (iii) wave is still in progress. Once complete, would then still expect MINUETTE (iv) pullback. Followed by a final MINUETTE (v) towards around $35K to complete the trend.

No invalidation to the proposed count at the moment.
Pages:
Jump to: