Critical Levels - EW analysis - page 7.

Fakhoury

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Permabull Bitcoin Investor

Quote from: chessnut on December 23, 2016, 03:11:54 AM

Quote from: chessnut on November 02, 2016, 10:46:15 PM

Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us.

Happy bubbles everyone looks like this is happening. Target for 3 would be 8000-9000 yuan at a glance.

Happy to see you again back Chessnut, any time frame for this target ?

quake313

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Glad to see you back chessnut Cheesy

chessnut

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Quote from: chessnut on November 02, 2016, 10:46:15 PM

Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us.

Happy bubbles everyone looks like this is happening. Target for 3 would be 8000-9000 yuan at a glance.

chessnut

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Quote from: podyx on November 03, 2016, 12:53:25 AM

Glad to see you bullish.

I fear a bearish chart from you Grin

bad timing on that one eh,

This downside move was an impulse and it's broken some important levels. big time sideways should follow, downside risk is higher now

podyx

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Glad to see you bullish.

I fear a bearish chart from you Grin

chessnut

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Quote from: chessnut on August 06, 2016, 08:04:25 PM

The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.

We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.

Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us.

Afrikoin

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alan watts is all you need

great call chessnut!

Quote from: chessnut on August 06, 2016, 08:04:25 PM

The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.

We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.

podyx

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Do you think there'll be any dip from here? I would like to buy in at 540-550

chessnut

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Quote from: Chef Ramsay on August 07, 2016, 02:27:20 AM

So, the $700 range? Mr Chessnut?

700 is a fair target, 700-800 range is asking a bit much from a guideline.

Chef Ramsay

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So, the $700 range? Mr Chessnut?

chessnut

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The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.

We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.

hdbuck

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Quote from: Shiroslullaby on August 03, 2016, 10:56:57 AM

Hopefully we ~~don't~~ do have a great financial crash with people jumping off tall buildings because they put their entire life savings into ~~BTC~~ Banks and it went belly up.

It is more probable considering the current "state of affairs" that we will experience the other way around.. Bullish! Roll Eyes

Shiroslullaby

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Quote from: Tzupy on July 22, 2016, 03:32:11 PM

...panic short if 610$ support breaks, because it drops to 480$. Cheesy

Well, boys, here we are at $550.
Glad I watched this thread because I made a couple purchases just as coins got to about $625.
(I had a feeling you guys were right and they would drop lower.)
Hopefully we don't have a great financial crash with people jumping off tall buildings because they put their entire life savings into BTC and it went belly up.

kobilica

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Now, from this moment, new counting of triangles begin?

kobilica

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Agreed. Dead on prediction!

Morecoin Freeman

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Quote from: chessnut on July 30, 2016, 10:22:50 PM

Triangle revised, same story but SHARP since its an eg type.

This prediction was great chessnut. Nicely done.

elasticband

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Nighty Night Don't Let The Trolls Bite Nom Nom Nom

WOW, what a call....... if i didnt know better id say you are a whale who moves the price where he wishes..... either that or you knew bitfinex was going to be hacked Shocked

Great call!

chessnut

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Quote from: WiiD on August 03, 2016, 09:00:29 AM

Dear chessnut,

great call. What is your analysis for the current situation?

It was clearly a triangle breakdown which means that we will very likely revisit the area of the triangle and probably above when this all blows over. This could be continuation or corrective and I dont have information to support either yet.

If the breakdown is a typical impulse the unorthodox bottom is likely in regardless of weather a fifth wave will arrive. If its a combination (less likely) then we could grind a bit lower over much time. I think the market is saying do not touch until we have formed a new structure from here.

WiiD

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Dear chessnut,

great call. What is your analysis for the current situation?

chessnut

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Quote from: AM4Bitcoin on August 02, 2016, 06:22:10 PM

Nice call chessnut.

Quote from: quake313 on August 02, 2016, 06:40:15 PM

Wow, that was a damn good prediction Grin

Quote from: itod on August 03, 2016, 06:20:47 AM

Keep these predictions going chessnut, amazing accuracy.

Thanks.

If you made big profits from my analysis you're welcome to put a tiny bit in here 1Hyit1R9hd1WS58CtNdAUqhM7BknKx5i1N

Quote from: sandiman on August 03, 2016, 07:39:46 AM

How did you choose the lower boundary of your triangle ? is this just a quick drawing ??

https://www.tradingview.com/x/C58W1MxP/

cheers in advance Cheesy

where points b and d coincide... this is known as a barrier triangle. the earlier triangle I posted wasn't exactly right, its seldom perfect. just use your eyes and dont rely on exactitude.

Topic: Critical Levels - EW analysis - page 7. (Read 355072 times)