CryptoWaves and Ryan, you guys make TA look so damn easy!
I've never been a huge fan for the markets in which I trade. Information asymmetry, earnings, and events have always seemed to drive price action in my world...it just makes sense to me. But with BTC, underlying fundamentals are truly less obvious.
I haven't been watching your work long enough to say for certain that you're market oracles or anything, but you both have a great style of writing about what you are watching that is helpful.
I'm a grown ass man and I'm going to do what I think is right to do, but I think it's interesting that you guys are both looking at some upcoming opportunities if one keeps one's powder dry. Ryan, as I recall, you're looking at a probably retrace to $540 by late August (which matches a smaller wave that Crypto also has mapped out as possible), and CryptoWaves has us going sub $500 ($415-470 range in September). You both, as I recall, have $607 as invalidating that count?
I think it's definitely worth watching and maybe keeping a little powder dry. Thanks for sharing!!!
Thanks for the kind words! I don't know about an oracle, but....
I don't want to take over CW' thread as I have done in the past... He was a good sport about it and I appreciate that! That's why I started my own. But I will field this question since it was toward both of us.
According to his most recent update, CW has invalidation of $607.20 to the top-side and $555.90 to the lower. This is because he has a triangle and if either recent price extremes are broken (wave-b or wave-c), the triangle becomes invalid. His main Bullish invalidation is at $420.27 as is mine (the beginning of the minor wave-(1)). However, since I have an impulsive count taking us down a bit sooner than the triangle scenario, my invalidation is at the wave-1 low which is $607.90. This is because of the rule stating that wave-4 cannot enter the price territory of wave-1 (unless it's a diagonal which it clearly is not).
I hope this clears it up!?
I don't rule out a drop into the $400's, myself, but I wasn't going to post that until the time calls for such a projection. My wave-(C)/wave-1 (Bullish/Bearish respectively) count is just a projection using Fibo based off the currently formed waves and typical targets, so nothing too drastic until the waves decide to start extending. At which time I will revise targets and counts as necessary.