Topic: Analysis - page 115. (Read 941579 times)
Current target around 550. Then flat for some time. Late Q3 early Q4 next movement. Guessing up to break last peak.
What is the count for wave i from the bottom of 150 (mean subwaves)? Also strange proportions in subwaves of wave iii, wave 2 looks kind a small one in it and 4 is giant.
MasterLuc, I had a very similar count, but then a community member (same as usual) highlighted an issue with it. how can you count five waves in the i waves without breaking overlap rule firstly, and also without making the third wave the shortest??? I tried very hard to do so, but rules were consistently broken...
I dont see overlaps and 3rd shortest in my count
MasterLuc, I had a very similar count, but then a community member (same as usual) highlighted an issue with it. how can you count five waves in the i waves without breaking overlap rule firstly, and also without making the third wave the shortest??? I tried very hard to do so, but rules were consistently broken...
This definitely deserves an answer. I second the question.
IMO a correction down to 420$ could invalidate the bullish scenario, so permabulls better hope it stops at 480$.
How 62% retracement of $190 -> $800 move could invalidate something?
img]https://www.tradingview.com/x/34G6zC2F/[/img]
The first correction was about 30%. A new correction, from 700$ to 420$, would be 40%, and would increase the chances of a weak rebound and a third leg down.
Assuming this was a wave 3 and now we have a 4, it should stay mostly above 1 (475$). If it drops to 420$, then this might have been THE B wave and we could see a final bottom close to 100$.
But for now I see little reason for the doom scenario, the Chinese manipulators can make more money pumping than dumping. So I expect another 30%, from 700$ to 490$.
How can you speak about elliot waves and then jump on "chinese manipulation". Elliot was is about crowd psychology to be short, and directly tied to natural laws. You can't be succesful using elliot waves if you don't even understand the core of it...
According to this count:
The weekly sma20 is gonna be revisited first.
img]https://www.tradingview.com/x/b5sdS9uw/[/img]
The weekly sma20 is gonna be revisited first.
img]https://www.tradingview.com/x/b5sdS9uw/[/img]
MasterLuc, I had a very similar count, but then a community member (same as usual) highlighted an issue with it. how can you count five waves in the i waves without breaking overlap rule firstly, and also without making the third wave the shortest??? I tried very hard to do so, but rules were consistently broken...
Greatly appreciating ingesting the three unique, well-thought-out positions - thanks.
IMO a correction down to 420$ could invalidate the bullish scenario, so permabulls better hope it stops at 480$.
How 62% retracement of $190 -> $800 move could invalidate something?
The first correction was about 30%. A new correction, from 700$ to 420$, would be 40%, and would increase the chances of a weak rebound and a third leg down.
Assuming this was a wave 3 and now we have a 4, it should stay mostly above 1 (475$). If it drops to 420$, then this might have been THE B wave and we could see a final bottom close to 100$.
But for now I see little reason for the doom scenario, the Chinese manipulators can make more money pumping than dumping. So I expect another 30%, from 700$ to 490$.
According to this count:
The weekly sma20 is gonna be revisited first.
The weekly sma20 is gonna be revisited first.
IMO a correction down to 420$ could invalidate the bullish scenario, so permabulls better hope it stops at 480$.
Doom is at 378:
IMO a correction down to 420$ could invalidate the bullish scenario, so permabulls better hope it stops at 480$.
How 62% retracement of $190 -> $800 move could invalidate something?
According to this count:
The weekly sma20 is gonna be revisited first.
The weekly sma20 is gonna be revisited first.
IMO a correction down to 420$ could invalidate the bullish scenario, so permabulls better hope it stops at 480$.
According to this count:
The weekly sma20 is gonna be revisited first.
The weekly sma20 is gonna be revisited first.
Bitcoins will see huge volatility as before we were only into halving, but now Brexit has taken place, and we will see how the markets would react to this. There is more to come out yet than what has already happened.
So what's happening with wave 3 now? Still valid?
I believe historical 3 is still valid, however, we will likely have a multi week to multi month correction play out as we build a base for the next subwave up. Unless we can get the weekly candle back above the upper bollinger band within the next 6.5 hours, this wave up is likely done.
So what's happening with wave 3 now? Still valid?
Double bottom is generally entailed by uptrend. So I expect more price rise.
I can see an ascending triangle in what could be the B waves of the latest dump with upper limit currently at the 61,8% fib, we already at e of this triangle that if validated, will be folowed by a c waves. is winter coming?
I have a bad news.
https://www.tradingview.com/x/hwkMujoo/
We have tested the weekly upper bb right now which sits at $690 on BFX (still open candle though so moving target).
Only time will tell if a stop loss at the break and/or retest of the weekly upper bb is a good sell.
$683 is a 62% fib of current short term dump. So if price fail to break up this level, I have a bad news.
to illustrate:
how much time do we have?
$683 is a 62% fib of current short term dump. So if price fail to break up this level, I have a bad news.
Brexit officially ....this is BIG
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