Topic: Critical Levels - EW analysis - page 2. (Read 355072 times)
There are signs of a correction here.
I don’t think it’s remotely possible to try & predict/analyse the bitcoin market & price movements now. It’s a beast nobody has seen before. Therefore I think the safest practice is to HODL & sell only when you reach your personal price target, whatever that is.
Trading this beast & coming out winning every time is possible. Good fucking luck to margin traders.
Yup ppl keep missing the point. Its about the small edge. You may be right only half the time thru a random walk. Its all about money management to maximize when you are right and minimize when you are wrong. Let winners run and cut losers short. Takes 10 years to do this. Trading this beast & coming out winning every time is possible. Good fucking luck to margin traders.
How about a new chart?
I don’t think it’s remotely possible to try & predict/analyse the bitcoin market & price movements now. It’s a beast nobody has seen before. Therefore I think the safest practice is to HODL & sell only when you reach your personal price target, whatever that is.
Trading this beast & coming out winning every time is possible. Good fucking luck to margin traders.
Trading this beast & coming out winning every time is possible. Good fucking luck to margin traders.
If you want to learn a process, then you also need to learn its shortcomings.
Then you can decide.
Edit
I mean don't conflate things down to works or doesn't work. Perhaps find the conditions where a thing is good or bad and use it appropriately.
Then you can decide.
Edit
I mean don't conflate things down to works or doesn't work. Perhaps find the conditions where a thing is good or bad and use it appropriately.
No reason to gloat or ridicule, chessnut made great calls over and over again.
That said, part of trading this market successfully also requires knowing when it's best to skip predictions of the tops, and ride it out as long as possible -- only reacting after a clear shift of sentiment. As in: getting out on a rebound after a massive correction, not trying to time it and do so before.
That said, part of trading this market successfully also requires knowing when it's best to skip predictions of the tops, and ride it out as long as possible -- only reacting after a clear shift of sentiment. As in: getting out on a rebound after a massive correction, not trying to time it and do so before.
I feel like this thread is archive for all people failing to call the top the last 6 months.
I feel like this thread is archive for all people failing to call the top the last 6 months.
This is the end of the local cycle, it could easily correct to 14000.
If the largest picture is a combination then the guideline is that "combinations tend not to slant against the trend" meaning that we should test the highs before testing the lows. this would be true if the larger picture was a flat as well.
That was a running triangle and this will very probably correct to 6k or less.
The price fell to 5555. This is in the middle of fourth wave territory. While 4k is not out of the picture the chances that this is the next bottom are not insignificant. Its dangerous to do anything here.
That was a running triangle and this will very probably correct to 6k or less.
People still read this thread??
You havent posted anything in ages
People still read this thread??
I just want to learn stuff from as many people as possible. That seems the best way to have a well rounded view of the terrain.
Your sharing of knowledge and ideas is greatly appreciated, as I have PMed in the past when idiots tried to deter your efforts.
Your effort is greatly appreciated by real people. I am not the only one.
I always love Elliot Wave analysis. They provide best possible movements on charts. And don't forget that Elliot Wave always shows possibilities not predicting %100 of future.
Always there are possibilities on charts but the main logic is choosing the best logic on these scenarios.
Always there are possibilities on charts but the main logic is choosing the best logic on these scenarios.
People still read this thread??
Yes, mate. You should write more
Always waiting for your charts
People still read this thread??
Yes, mate. You should write more
That was a running triangle and this will very probably correct to 6k or less.
People still read this thread??
You havent posted anything in ages
People still read this thread??
seems we go to 8000 before small correction, then 12k, then 24k by April???
Neez I hope there is some truth to this prediction
seems we go to 8000 before small correction, then 12k, then 24k by April???
Jump to: