For the Bitstamp chart I think that the abc interpretation is definitely the most likely. either way it seems we need to test 450 at least if there is going to be another leg down.
Yep, that's my target for the bear chart 2 of V of C
Topic: CryptoWaves - Elliott Wave Analysis Blog - page 4. (Read 29192 times)
Yep, that's my target for the bear chart 2 of V of C
For the Bitstamp chart I think that the abc interpretation is definitely the most likely. either way it seems we need to test 450 at least if there is going to be another leg down.
Yeah, possibly an ABC count too, so im not preparing for a iii wave necssarily. Huobi has chiseled a good looking inverse H&S, so the bullish count (iii up) to come is still a possibility. not much is certain at the moment.
5 down is not a good sign when there isn't an A/B before it. I can count it two ways, and neither have to be exactly forced, so it's a little ambiguous what lies ahead.
The bear
Da Bullsssss
The bear
Da Bullsssss
BTCCNY
BFX
seems like descending diagonal.
BFX
seems like descending diagonal.
chessnut, here is a guide I used about corrective waves: https://encrypted.google.com/books?id=lQ0OEmzM9tsC&lpg=PA30&pg=PA41#v=onepage&q&f=false
I am currently unable to make thorough analysis about what is going on, but I stick to the idea we deducted with RyNinDaCleM a couple of days ago. Briefly, it was pretty bullish, no matter if it is either a correction (which is not finished yet) or the beginning of new uptrend.
I am currently unable to make thorough analysis about what is going on, but I stick to the idea we deducted with RyNinDaCleM a couple of days ago. Briefly, it was pretty bullish, no matter if it is either a correction (which is not finished yet) or the beginning of new uptrend.
Thanks for the link,
I agree with RyNinDaClems idea aswell, although when the market fell last night I hadn't realised the possibility of a i-ii as a leading diagonal. nothing much has happened since, it seems to me like we are not about to go a third wave down like DanV might suggest on trading view.
chessnut, here is a guide I used about corrective waves: https://encrypted.google.com/books?id=lQ0OEmzM9tsC&lpg=PA30&pg=PA41#v=onepage&q&f=false
I am currently unable to make thorough analysis about what is going on, but I stick to the idea we deducted with RyNinDaCleM a couple of days ago. Briefly, it was pretty bullish, no matter if it is either a correction (which is not finished yet) or the beginning of new uptrend.
I am currently unable to make thorough analysis about what is going on, but I stick to the idea we deducted with RyNinDaCleM a couple of days ago. Briefly, it was pretty bullish, no matter if it is either a correction (which is not finished yet) or the beginning of new uptrend.
RyNinDaClem, if we broke 460 again now for no apparent news realated reason, it could be a strong long signal dont you think?
ok so you are on the sidelines then?
seems like there is no motive to the market today.
seems like there is no motive to the market today.
I'm still in 25% until I decide what to do
But yes, I'm waiting for some clear direction before I take a further position
ok so you are on the sidelines then?
seems like there is no motive to the market today.
seems like there is no motive to the market today.
Great idea, it could be a leading diagonal. are you BUllish or bearish on this RyNinDaClem?
I added an edit while you were typing
Quote
The number of diagonals leads me to believe that this is still corrective since a diagonal is a sign of weakness in the market. There seems to be too much indecision still.
Great idea, it could be a leading diagonal. are you BUllish or bearish on this RyNinDaClem?
queeq, this is the problem I see. if this c wave is an impulse, how do we count iii? it is an abc. I was expecing a larger wave C now to cerca 550, but now we have a corrective abc, cannot be a primary. I'd like your ideas. stick with the original game plan?
This is one count that keeps my first count alive.
And there is this... The red is an alt ABC for the 4 of V
The number of diagonals leads me to believe that this is still corrective since a diagonal is a sign of weakness in the market. There seems to be too much indecision still.
queeq, this is the problem I see. if this c wave is an impulse, how do we count iii? it is an abc. I was expecing a larger wave C now to cerca 550, but now we have a corrective abc, cannot be a primary. I'd like your ideas. stick with the original game plan?
I am an EW noob and don't know how to chart, but to me it looks like rynindaclem's 1/3 chart is still valid.
I am talking about this one:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1398722566406.png&t=539&c=3RGiLMbe8k66_A
I am talking about this one:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1398722566406.png&t=539&c=3RGiLMbe8k66_A
the problem is now that the current move since 425 low cannot be counted as a primary. I think It could still eventuate of coarse but I'm trying to find a better solution at the moment.
I am an EW noob and don't know how to chart, but to me it looks like rynindaclem's 1/3 chart is still valid.
I am talking about this one:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1398722566406.png&t=539&c=3RGiLMbe8k66_A
I am talking about this one:
https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1398722566406.png&t=539&c=3RGiLMbe8k66_A
If this is an ABC correction, what is the motive wave it corrects?
Also, if it is a zigzag, then A waves should subdivide into five waves.
Also, if it is a zigzag, then A waves should subdivide into five waves.
the abc is a B wave. The A wave is an abc, Im pretty sure there is nothing wrong with that, according to the resources that I have. I thought only C waves had to be counted as fives. How would you count the A wave as a five wave? if it is not an A wave, how would you count it?
If this is an ABC correction, what is the motive wave it corrects?
Also, if it is a zigzag, then A waves should subdivide into five waves.
Also, if it is a zigzag, then A waves should subdivide into five waves.
seems like an abc has clearly terminated 1-2 i-ii stalling at resistance. longs would be vulnerable now. Im out.
although I cannot see a primary to the left so I am not convinced that a disaster is on the way. If a third wave does not take us rapidly through 400, I will be expecing a slow trip to test 400-415, a bounce, and perhaps re evaluate afterwards.
any ideas?
although I cannot see a primary to the left so I am not convinced that a disaster is on the way. If a third wave does not take us rapidly through 400, I will be expecing a slow trip to test 400-415, a bounce, and perhaps re evaluate afterwards.
any ideas?
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