what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
If I am reading this accurately, it looks to be following the yellow count quite well and the rally should end around $400?
Topic: Critical Levels - EW analysis - page 20. (Read 355110 times)
If I am reading this accurately, it looks to be following the yellow count quite well and the rally should end around $400?
what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
700-800 soon? I certainly hope so.
what's the E-wave count that says we're going to $700-$800 very soon? that one is probably the right one
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
IIRC China mostly led last time. Always look east for the dawn!
The patterns from china are more reliable because china is more liquid.
Is it? That they have more volume is clear, but I don't think that's a good indicator of liquidity. On BTCChina for example, there are about 3k coins on the bid side 10% down from the current price point. Bitstamp is about the samw and for Bitfinex it's 8k. From my perspective, the exchange able to absorb the biggest dump (of whichever currency) while having the price move the least is the most liquid.
i mean one time is china leading the market. next time it'll be a different country/region. maybe europe in a crisis
I agree with what you said dear, but what I'm asking about is, why don't we go parallel with the chinese market ? why there is a spread between us exchanges and chinese one ?
The US exchanges have produced a typical abc correction in a valid context, while they are different markets they have to follow each other on the larger scales. The patterns from china are more reliable because china is more liquid.
Thanks for the reply my friend, and I agree with what you said.
Quote
they have to follow each other on the larger scales.
When they are going to follow ?
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
The US exchanges have produced a typical abc correction in a valid context, while they are different markets they have to follow each other on the larger scales. The patterns from china are more reliable because china is more liquid.
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
yuan devaluation looming, wash trading, annnd it's gone.
All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ?
cause and effect. like a ripple. it starts from an epicentre and spreads.
You mean sooner or later, it's a must that we will reach those price highests ?
i mean one time is china leading the market. next time it'll be a different country/region. maybe europe in a crisis
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
yuan devaluation looming, wash trading, annnd it's gone.
All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ?
cause and effect. like a ripple. it starts from an epicentre and spreads.
You mean sooner or later, it's a must that we will reach those price highests ?
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
yuan devaluation looming, wash trading, annnd it's gone.
All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ?
cause and effect. like a ripple. it starts from an epicentre and spreads.
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
yuan devaluation looming, wash trading, annnd it's gone.
All what you said is ok, but why we can't be in the same pace with them ? Why we are behind ?
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
yuan devaluation looming, wash trading, annnd it's gone.
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
Yes my friend, I know. But I don't know why we can't keep with the same pace with them ? Why the $20 and more spread ?
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
Chinese exchanges have been leading on this run
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
But the issue is that US exchanges doesn't follow the chinese one, chessnut
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
This would be in a fourth wave position of some degree, and a fifth wave to follow.
It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?
In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW.
No, TA patterns in general and EW patterns in particular represent social mood, and Bitcoin moves on social mood, as all assets do.
heart warming to see such a cracker rally.
This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.
We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.
currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation.
Need more to say more. trading is going to be great with the coming volatility.
This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.
We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.
currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation.
Need more to say more. trading is going to be great with the coming volatility.
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.
It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?
In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW.
You made my day. I knew many explanations on why EW does not work, but this one hits the nail in the head!
You may borrow this one...
However, EW does work sometimes, and chessnut had good calls in July.
Back then by EW the market should have reached 340 - 380, but the bad news of the possible fork changed the count.
What do you have to say about this EW forecast?
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