Critical Levels - EW analysis - page 4.

chessnut

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There is an impulse form here as predicted, lovely proportions. Wave (v) is in wave iii, it could go between 5k and 7k. Then the question is - was that a primary wave down there (1?). that would mean a correction to 3-4k, and more bull, maybe an extension, even higher.

It might be sensible to assume that this wave v is the final wave, in which case it could go a bit higher that 7k, and the correction that follows could take some time.

If you have made profit from my analysis any tips would be appreciated to 1DyaSa53z1uVDgGN7D1rk7U2h9xLbR4q7v

sidhujag

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Quote from: darlidada on June 29, 2017, 09:37:28 AM

any update?

Im sure if you pay the guy he will provide updates. I think he should open a paid subscriber service many of you would pay for it im sure. But even so im sure many of you would also not make money still heh just because there is no holygrail only edges in trading.

sosasnois

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Do you think that was leg 4 or do you think there is more to go?

avirdoz

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Hey chessnut, how are you? Cool

Maybe you can share new EW idea?

darlidada

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any update?

slap

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Thank you so much for all this info, chessnut. Deeply appreciated.
Your last chart fits perfectly in my short term vision, I think now up till 3400 give or take and then a new cycle begins imho.

chessnut

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Quote from: chessnut on June 03, 2017, 08:27:59 PM

If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.

Not sure if this is the end of wave 3 but regardless after some significant sideways there will be another leg. Is this the end of the bubble, I dont know. There may be some nested 1 - 2s I cant see.

chessnut

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Quote from: btc4lifer on June 04, 2017, 07:56:42 AM

Quote from: chessnut on June 03, 2017, 08:27:59 PM

If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.

Hi chessnut. How are you counting all of the price action from 160/198 to 2700?

My count from the bottom hasnt changed. You should find it a few pages back - a WXYXZ flat zz triangle.

It looks like the third wave is not yet done and it could reach as high as 3500 easily before further consolidation above 2000. The fifth wave could be spectacular in several months.

btc4lifer

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Quote from: chessnut on June 03, 2017, 08:27:59 PM

If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.

Hi chessnut. How are you counting all of the price action from 160/198 to 2700?

chessnut

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If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.

chessnut

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The original target of 1600-1800 is becoming more likely.

chessnut

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Quote from: blackwhale90 on May 21, 2017, 09:52:02 AM

Can we consider 5th wave to be extended?

... yes

Having extended doesnt necessarily change the retrace target of 1600 but I wouldnt expect less than 1800 or even 2000 to bottom in IV territory. The leg down to 2300 could even be the first of a triangle meaning to further lows.

blackwhale90

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Can we consider 5th wave to be extended?

chessnut

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Cautious here for bulls. Bedrock is 1550.

chessnut

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Wave 1 of the last publication would be the end of a IV triangle. If that's correct wave V of the local cycle should top out in the lower 2k region with a significant correction above $1500.

Okurkabinladin

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Quote from: chessnut on May 18, 2017, 10:05:25 PM

This impulse seems to be wave C of expanded flat B or a higher degree wave V compared to the last. Both of those counts point down. If it creeps up from here, all bets are off.

If it keeps indeed creeping up, wouldnt it mean, that we have just entered wave 5? I admit, I am no expert on field of technical analysis, but that would propel us to around 2600 USD per Bitcoin under standart conditions, is that correct, Chessnut?

Also, thank you. Your thread is one of the handful on this board that are worth checking out on reguler occasion. Very insightful.

chessnut

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This impulse seems to be wave C of expanded flat B or a higher degree wave V compared to the last. Both of those counts point down. If it creeps up from here, all bets are off.

Mallyx

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Quote from: chessnut on May 11, 2017, 11:27:48 PM

It looks like we have made a short term top. Fourth wave guideline means there could be a buying opportunity at around $1550.

Nice shot ... again !
Nice to see you again

chessnut

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It looks like we have made a short term top. Fourth wave guideline means there could be a buying opportunity at around $1550.

The_Dark_Knight

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Quote from: Biodom on February 03, 2017, 03:14:21 PM

Very interesting writeup by Mr Gordon.
33k+/- 20% by 2020.
some values to ponder..maybe safest would be to start selling in increments at 26k to, hopefully, 40K.
I would be ecstatic to get $33K average around 2020.

2020 is around the corner and we are still stuck below 1,300 there is nothing wrong with optimism but another thing is to be blinded by it, since it seems extremely unlikely that bitcoin is going to reach a number close that anytime soon.

Topic: Critical Levels - EW analysis - page 4. (Read 355110 times)