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Topic: Critical Levels - EW analysis - page 14. (Read 355104 times)

legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
June 04, 2016, 07:57:28 PM
He said NOT  Wink

Oh yes, just saw this now and deleted the comment.

Thanks mate.
member
Activity: 73
Merit: 15
June 04, 2016, 07:56:07 PM
He said NOT  Wink
legendary
Activity: 924
Merit: 1001
June 04, 2016, 07:46:24 PM
It looks like the triangle is a good bet for China though the West may make more of a zig-zag.  
Was about 4700 what you had in mind for "4k +"?  That seems like the next target and the minimum reasonable top for this whole rally (about $715).

The west was playing catch u the whole time... wave B over extended.... we still call it a triangle, but a running triangle. it will look funny, so I just watch chinese charts.

I would be expecting a fifth wave, it could go apeshit, it could fail. 4700 is not a significant number to me.
member
Activity: 73
Merit: 15
June 04, 2016, 07:39:26 PM
It looks like the triangle is a good bet for China though the West may make more of a zig-zag. 
Was about 4700 what you had in mind for "4k +"?  That seems like the next target and the minimum reasonable top for this whole rally (about $715).
hero member
Activity: 560
Merit: 501
June 04, 2016, 07:04:12 PM

BTC following Wickoff stock analysis very closely!



its an EW thread please.


I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function.

Following that theory, P&F was used by Wickoff (he used to do so highlighting the "cause" and then aiming for the "effect".). In this case, price pattern according to Wickoff should see around 50% retracement (I haven't add a look to the P&F chart, will do so tomorow, so now I am just speaking about Wickoff price patterns expected by the theory without looking at the actual chart for more precision. Anyway, still holding until I am confident on my trading skill).

Anyway, let's not get off topic since this topic is amazing ! taking off ma hat to chessnut!
legendary
Activity: 924
Merit: 1001
June 04, 2016, 06:53:06 PM


Perfect my brother, so after that we will have a small rocket launch to 4000+ CNY.

What do you see after that in medium term brother ?

Thank you as always my friend.

if it is a triangle, yes.
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
June 04, 2016, 06:43:35 PM

BTC following Wickoff stock analysis very closely!



its an EW thread please.


I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function.

I guess it could be so, but in that case he has said enough  Cheesy

Waiting to hear from you buddy Smiley
legendary
Activity: 924
Merit: 1001
June 04, 2016, 05:31:18 PM

BTC following Wickoff stock analysis very closely!



its an EW thread please.


I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function.

I guess it could be so, but in that case he has said enough  Cheesy
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
June 04, 2016, 05:28:36 PM

BTC following Wickoff stock analysis very closely!



its an EW thread please.


I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function.
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
June 04, 2016, 05:26:22 PM
It seems like we have completed the wave B of a triangle. look for a deep retrace.

The 62% brother, right ?

Yes, at this time it is down 38% on a clear abc... meaning that a deep retrace must be some sort of combination.... could be a bit disorderly. if we pass 3880 now then Im a but confused. Longs growing on Okcoin are a good indication that we will decline though.

62% and deer would mean a target of around 3630.

Perfect my brother, so after that we will have a small rocket launch to 4000+ CNY.

What do you see after that in medium term brother ?

Thank you as always my friend.
legendary
Activity: 924
Merit: 1001
June 04, 2016, 05:15:58 PM

BTC following Wickoff stock analysis very closely!



its an EW thread please.

It seems like we have completed the wave B of a triangle. look for a deep retrace.

The 62% brother, right ?

Yes, at this time it is down 38% on a clear abc... meaning that a deep retrace must be some sort of combination.... could be a bit disorderly. if we pass 3880 now then Im a but confused. Longs growing on Okcoin are a good indication that we will decline though.

62% and deer would mean a target of around 3630.

good call Chessnuut

thanks.
hero member
Activity: 560
Merit: 501
June 04, 2016, 02:51:09 PM


BTC following Wickoff stock analysis very closely!

legendary
Activity: 1540
Merit: 1003
alan watts is all you need
June 04, 2016, 01:58:46 PM
good call Chessnuut
legendary
Activity: 2338
Merit: 1035
June 04, 2016, 12:39:52 PM
What would be the target on bitstamp? Around $545?
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
June 04, 2016, 06:43:40 AM
It seems like we have completed the wave B of a triangle. look for a deep retrace.

The 62% brother, right ?
legendary
Activity: 924
Merit: 1001
June 04, 2016, 06:20:00 AM
It seems like we have completed the wave B of a triangle. look for a deep retrace.
legendary
Activity: 924
Merit: 1001
June 03, 2016, 02:49:10 PM

Thank you my friend, chessnut, quality TA as usual Wink

After the 62% retrace, we will head towards 4000+ CNY, am I right ?

yup, should be.

The west is leading, how confident are you in that triangle?

Maybe china just needs to wake up

doesnt have to be triangle, but it makes a lot of sense.
legendary
Activity: 2338
Merit: 1035
June 03, 2016, 12:31:09 PM
The west is leading, how confident are you in that triangle?

Maybe china just needs to wake up
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
June 03, 2016, 09:37:01 AM
We have returned to the triangle of IV wave territory which I have been waiting for. This abc is probably the first wave of a triangle wave (IV)

minimum tgt 3800 for triangle, wave (V) tgt is 4k + regardless.





Tracking the triangle.... I would expect around 3900, 3800 minimum, and then 62% retrace.

Thank you my friend, chessnut, quality TA as usual Wink

After the 62% retrace, we will head towards 4000+ CNY, am I right ?
legendary
Activity: 924
Merit: 1001
June 03, 2016, 04:29:28 AM
We have returned to the triangle of IV wave territory which I have been waiting for. This abc is probably the first wave of a triangle wave (IV)

minimum tgt 3800 for triangle, wave (V) tgt is 4k + regardless.





Tracking the triangle.... I would expect around 3900, 3800 minimum, and then 62% retrace.
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