Topic: Critical Levels - EW analysis - page 25. (Read 355126 times)
just lol
Solid analysis right there
Though there might be missing few LOL's from the middle
Though there might be missing few LOL's from the middle
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).
Seems we (may) have completed 3 of 5 waves down, which for me begs the question of whether this impulse will be the entire final leg of the 2-year bear market, or just the start of it ((1) of V of (C))?
If the former, it may likely end as truncated/double bottom depending on how far the 5 extends. If the latter then capitulatory wave to lower 100's/double digits is still on the table, although (2) will probably need to retrace very heavily (ie to ~$260's) for the rest of the impulse to maintain reasonable fib proportions.
image snipped
Curious to hear your guys thoughts on this, or any alternative counts.
If the former, it may likely end as truncated/double bottom depending on how far the 5 extends. If the latter then capitulatory wave to lower 100's/double digits is still on the table, although (2) will probably need to retrace very heavily (ie to ~$260's) for the rest of the impulse to maintain reasonable fib proportions.
image snipped
Curious to hear your guys thoughts on this, or any alternative counts.
I was thinking in the case of a triple zigzag that your count is good for (a) of Z. 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.
When I get home in an hour or so, I'll post a chart of what I mean.
Edit: Got home faster than I thought. Red would be the former and yellow the latter
Edit #2:
I do think your 4 is too short (in time) as it is right now, so i could see a 50% pull back and a C up over the next day or two.
Seems we (may) have completed 3 of 5 waves down, which for me begs the question of whether this impulse will be the entire final leg of the 2-year bear market, or just the start of it ((1) of V of (C))?
If the former, it may likely end as truncated/double bottom depending on how far the 5 extends. If the latter then capitulatory wave to lower 100's/double digits is still on the table, although (2) will probably need to retrace very heavily (ie to ~$260's) for the rest of the impulse to maintain reasonable fib proportions.
Curious to hear your guys thoughts on this, or any alternative counts.
If the former, it may likely end as truncated/double bottom depending on how far the 5 extends. If the latter then capitulatory wave to lower 100's/double digits is still on the table, although (2) will probably need to retrace very heavily (ie to ~$260's) for the rest of the impulse to maintain reasonable fib proportions.
Curious to hear your guys thoughts on this, or any alternative counts.
Since i began following BTC markets, i've observed some interesting patterns that take different forms but usually modified templates of the same pattern. Of course now, i consider them corrective patterns from EW.
I just wonder if any of you observed this too (on different timeframes) and whether you have any more to add to this 'collection'?
Also, here is the first one i noticed back in October '14
I just wonder if any of you observed this too (on different timeframes) and whether you have any more to add to this 'collection'?
Also, here is the first one i noticed back in October '14
It slipped my mind the chance of a truncated fifth. Its probably the best count here.
Any EW count for Finex ?
Lol
It slipped my mind the chance of a truncated fifth. Its probably the best count here.
Any EW count for Finex ?
As i am new to Eliot wave theory, could someone please tell me whats wrong with this:
It slipped my mind the chance of a truncated fifth. Its probably the best count here.
Hi All,
Is anyone looking at the possibility of a failed 5th wave? What would one be looking for to observe if failure had occurred or not?
Is anyone looking at the possibility of a failed 5th wave? What would one be looking for to observe if failure had occurred or not?
It is possible as sheep shows but my version is a little different, but it really doesn't matter since it has the same conclusion. The real question is if it's a truncated 5th, was it C of (B) or only a 1?
This is my version of a truncated 5th and a couple of possible outcomes
The larger view to show why it would have to be such a long correction for the green count
We're headed to the 240's during August
Hi All,
Is anyone looking at the possibility of a failed 5th wave? What would one be looking for to observe if failure had occurred or not?
Is anyone looking at the possibility of a failed 5th wave? What would one be looking for to observe if failure had occurred or not?
Perhaps this?
*edit: added (C) option
*edit: added (C) option
Kind of disappointing how BFX and stamp munted the triangle form bottoming under wave c but with good form in china there is no reason why wave iv cant bottom here in the west with the existing form. Call it a double combo but it doesnt really matter.
This was invalidated, so how about a new and more realistic one?
Price is just probably flat sideways until 2016 before block halving, maybe we'll start going up spring time or something.
Bitcoin traders will have to get jobs at mcdonalds mean time
Bitcoin traders will have to get jobs at mcdonalds mean time
meaning this decline would be a terminal move.
What does that mean?
I hope everyone had tight stops. This sharp breakdown could indicate there being a bearish triangle, meaning this decline would be a terminal move. the initial decine from highs was undoubtedly an abc.
Thanks for the update chessnut.
If we passed the $300 ceiling, what are the chances that we will say to the $200's level bye bye ?
Thank you.
If we passed the $300 ceiling, what are the chances that we will say to the $200's level bye bye ?
Thank you.
This would be wave five in any case so no the visit above 300 would probably only be brief. Wave ii or whatever follows would keep us below 300 for a while after.
Kind of disappointing how BFX and stamp munted the triangle form bottoming under wave c but with good form in china there is no reason why wave iv cant bottom here in the west with the existing form. Call it a double combo but it doesnt really matter.
Nice, looking good there as always chessnut! It's been refreshing to see your bullish charts lately!
And like Fakhoury said above, if we break $300 do you think we'll stay out of the $200's for the long term?
Jump to: