Topic: Critical Levels - EW analysis - page 21. (Read 355104 times)

I will borrow this one to my book of the famous sentences, if I may, Tzupy.
You made my day. I knew many explanations on why EW does not work, but this one hits the nail in the head!

In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW.

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

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.

Alternatively, this 5 down could be c of (b) of B where we will get a nice rally above 315 to complete a large B counter trend correction to the 152 lows' A.

Hello, random guy here. You should absolutely trust me with your $$$$$$$$$$$$$.

Sry for trolling

then u r the 1 who is a fool for trusting a random guy on internet with ur $$$$$$$$$$$$$

u should know that no 1 is an Oracle... except that guy in Omaha

Don't hate on EW.  EW is a valuable tool, but there are always multiple counts available.


I'm taunting him because he keeps using a tone of certainty when he should be more humble.  He is ignoring other valid counts in order to justify his beliefs.  He has been consistently wrong with his last few predictions and doesn't seem to want to revisit his assumptions.

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

It is easy to criticize when you do not put yourself out there. Putting yourself out there and being vulnerable is skin in the game. SOme of you 'trolls' do not even have the guts to put up your chart forecasts let alone a thread. Where are your predictions? forecasts? Price targets? No one stopped you from pasting your ideas here. Why lurk then come in and put others down?

TO me, that is a show of WEAKNESS.

Easy to sit on the side and whine. F*ck you!

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

Just because they are wrong one time doesn't mean you guys should come shit on them. Chessnut and others have done a really good job with their TA and EW. They have to be wrong sometimes, as it's not an exact science.

this is it.......it is wave 5. minimum local target 1880 for the ED but medium term tgt is still the wave 4 area.... 1760 or so. ED are sharp and fast to resolve.

David Alcindor updated:



Here is the most BULLISH scenario I can come up with:

1 - First, it is nearly guaranted that we are in a prolong correction, hence the large, encompassing A-B-C pattern.

2 - Projection of such pattern (not in terms of Elliott Wave, but simply in terms of geometry), Wave-C projection off of Wave-B defines 363.66 as pan-ultimate top for this correction ... Near December 2015.

3 - The two most recent channels reflect R.N. Elliott channel methodology ... Hence, we just completed an Intermediate Wave-(3), whereas Intermediate Wave-(4) should be under development at this time.

4 - Based on same R. N. Elliott channel construction, the secondary channel (GREEN) points to a higher border validation at/near 363.66.

5 - Bad news is that from a total Wave, these broad sweeping correction will tend to return o the origin of Wave-A ... Interestingly, this fits the Predictive/Forecasting Model's outer most tolerable WL value = 152.72, defined this past SEP 2015.

So, as mentioned before, the only analyses are revealing at the H4 levels and above, offering a broad "bird'seye view" of what the Bitcoin trader will HAVE TO endure, not only in terms of adverse excursion if ever SHORT, but in counter-trend threat if taking a long position, especially near the current yet-to-define top.

Best,

David Alcindor

Sauce: https://www.tradingview.com/chart/BTCUSD/vTWNd0Qk-BTCUSD-bitstamp-Stomped-Mulls-Decline-bitcoin-BTC-forex/