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Topic: Critical Levels - EW analysis - page 24. (Read 355104 times)

sr. member
Activity: 261
Merit: 250
October 03, 2015, 09:52:01 AM
I tried playing with Elliott Wave theory on LTCBTC and the medium term prospect looks considerably more bearish than Bitcoin. Still, a huge buying opportunity lies ahead for Litecoin. FWIW.

LTCBTC - Patience Pays $$$

It is impossible, on the longer term, to count LTC/BTC. It's somewhat of a derivative that is dictated by the BTC/USD price and LTC/USD price. To an Elliott Waver, that chart looks corrective since it has so much overlap, too.

I don't see why it would be impossible for LTCBTC to follow a count. Since Litecoin, like all other major cryptocurrencies with large enough volumes, is inexorably tied to its big brother, it will follow a similar pattern and the LTCBTC trend should therefore be bound by the general EW rules.

I do agree, however, that because LTCBTC trades in much smaller volumes than LTCUSD or LTCCNY, the price won't necessarily follow the Fibonacci retracements and extensions (in the commentary of the article linked above, I did mention that the price could go lower than the 94% retracement). Still, it should follow the general rules of impulsive and corrective waves (5-3, a-b-c etc.).
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
October 03, 2015, 09:30:07 AM
I tried playing with Elliott Wave theory on LTCBTC and the medium term prospect looks considerably more bearish than Bitcoin. Still, a huge buying opportunity lies ahead for Litecoin. FWIW.

LTCBTC - Patience Pays $$$



It is impossible, on the longer term, to count LTC/BTC. It's somewhat of a derivative that is dictated by the BTC/USD price and LTC/USD price. To an Elliott Waver, that chart looks corrective since it has so much overlap, too.
sr. member
Activity: 261
Merit: 250
October 03, 2015, 08:34:14 AM
I tried playing with Elliott Wave theory on LTCBTC and the medium term prospect looks considerably more bearish than Bitcoin. Still, a huge buying opportunity lies ahead for Litecoin. FWIW.

LTCBTC - Patience Pays $$$

legendary
Activity: 1442
Merit: 1186
September 30, 2015, 08:51:49 AM

Yea that's pretty out there. Not the first time I've seen someone hint that we are in the lull similar to 2 years ago before the run up. I don't think it will repeat with such accuracy, but I wouldn't mind if it did Wink
full member
Activity: 238
Merit: 100
September 30, 2015, 06:33:55 AM
thanks for link mate !
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
full member
Activity: 238
Merit: 100
September 30, 2015, 05:07:53 AM
link please ?  Roll Eyes
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
September 30, 2015, 04:47:42 AM
fontas posted a chart that btc is going to the moon in about 18 months...
legendary
Activity: 966
Merit: 1000
September 28, 2015, 04:01:51 PM
Any other active EW posts?

Bitcoin is dead mate, deal with it.
full member
Activity: 129
Merit: 100
September 28, 2015, 03:26:17 PM
Any other active EW posts?
legendary
Activity: 1568
Merit: 1001
September 27, 2015, 01:23:02 AM
No I don't think he "lost his shirt" trading on margin. He's still trading and still active. Just two days ago he posted this chart on tradingview, looks like he's just focusing on other forex, which isn't a bad idea when bitcoin keeps going sideways. https://www.tradingview.com/chart/USDJPY/bXESeJdn-USDJPY-EW-Analysis-triangle-formation-continues/

Dropping a USD/JPY chart isn't very helpful, he can do a lot better than that in regards to bitcoin. No wonder it wasn't posted here by him. No offense Chess if and when you see this.
legendary
Activity: 2044
Merit: 1005
September 27, 2015, 12:38:35 AM
No I don't think he "lost his shirt" trading on margin. He's still trading and still active. Just two days ago he posted this chart on tradingview, looks like he's just focusing on other forex, which isn't a bad idea when bitcoin keeps going sideways. https://www.tradingview.com/chart/USDJPY/bXESeJdn-USDJPY-EW-Analysis-triangle-formation-continues/

Oh man, now hes fighting an uphill battle
legendary
Activity: 1442
Merit: 1186
September 27, 2015, 12:19:55 AM
No I don't think he "lost his shirt" trading on margin. He's still trading and still active. Just two days ago he posted this chart on tradingview, looks like he's just focusing on other forex, which isn't a bad idea when bitcoin keeps going sideways. https://www.tradingview.com/chart/USDJPY/bXESeJdn-USDJPY-EW-Analysis-triangle-formation-continues/
legendary
Activity: 2044
Merit: 1005
September 26, 2015, 11:15:33 PM
I hope he didnt lose his shirt from margin
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
September 26, 2015, 08:05:01 PM
Chess nut where are you?  Huh

I miss all your charts and forecasts, RESPECT
legendary
Activity: 1806
Merit: 1164
September 13, 2015, 12:08:38 PM
Chart above is rekt now Smiley

Thread is pretty dead - Chessnut gave up with thread?

Nothing is wrecked unless the Jan. 13 $152.4 low on Bitstamp is taken out. Unless that happens masterluc's EW count is as valid as any, more than most.
sr. member
Activity: 462
Merit: 250
September 13, 2015, 08:37:16 AM
Chart above is rekt now Smiley

Thread is pretty dead - Chessnut gave up with thread?
legendary
Activity: 1806
Merit: 1164
September 05, 2015, 03:56:11 PM
As i am new to Eliot wave theory, could someone please tell me whats wrong with this:



That is a valid Elliott Wave count. masterluc believes we are in running III right now.
hero member
Activity: 546
Merit: 500
August 30, 2015, 02:15:35 PM
Even though this method of counting waves is somewhat uncommon, I guess many could find it useful to get an idea of what Bitcoin is really doing (courtesy of too-bad).



We will see support line $170 again after this if bitcoin has Power for rising it will show itself ...........
hero member
Activity: 546
Merit: 500
August 30, 2015, 02:13:54 PM



Very far away from reality everyone see the price is in a downtrend ........
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