But it can lead into this one
Which can lead into this one
At which time, I will kiss Bitcoin goodbye
No no no... Not good buy
Alright, that was all a joke, but the first one is the one I think he was talking about.
Topic: Ryans' log - page 8. (Read 50750 times)
Not sure if myself is talking about this one or not
But it can lead into this one
Which can lead into this one
At which time, I will kiss Bitcoin goodbye
No no no... Not good buy
Alright, that was all a joke, but the first one is the one I think he was talking about.
But it can lead into this one
Which can lead into this one
At which time, I will kiss Bitcoin goodbye
No no no... Not good buy
Alright, that was all a joke, but the first one is the one I think he was talking about.
that fibo projection can be a excellent H&S
Lot more to go where? Down?
If we are still in the III of (C), then yes. A lot further down to go. This is because we would have another batch of waves with subwaves and extensions of those waves....
That isn't my top count currently, but it is always in the back of my mind since about the mid $500's. Lets focus on this count, before we worry about further drops. One step at a time.
Lot more to go where? Down?
In the chart above, ignore the count for now. What we're looking at here is the 4 hr EWO. The large gray box has a big return to zero that signifies a 4th wave of some degree. This is good, because it tells me I'm on track with my counts, however, notice the wave-1 after the triangle broke down. Divergence...Check! Now look at the wave 3 that we are working on. It still needs a 5th wave to complete the 3 and produce the divergence needed (blue dotted line) to call the bottom of 3. Then we need a 5th of 5th wave to complete the bear market. This will show divergence on a higher time frame such as Daily or the 720 minute chart.
I also feel that once that 5th of 5th completes, it will not show a divergence in this chart. I could be wrong since it's got a lot of time to make it happen, but I don't see it. This can mean that we are still in the wave-III and have a lot more to go. Time will tell on this one, but the top remarks are still my analysis of the current situation.
More to come if I have other thoughts to add
Having fun now?? 
The bulls have been looking for a reason to buy. Someone finally gave them that reason, and in a reactionary panic, they created this mess.
We should still see one more up to complete the C (target in the chart) since the 3 extended a lot.
The ABC chart from yesterday;
I do not believe the bear market is over yet. I will make a few posts tonight with my reasoning on that... I think this was just someone taking advantage of those sitting and waiting for their next chance to buy and he got them to bite.
The bulls have been looking for a reason to buy. Someone finally gave them that reason, and in a reactionary panic, they created this mess.
We should still see one more up to complete the C (target in the chart) since the 3 extended a lot.
The ABC chart from yesterday;
I do not believe the bear market is over yet. I will make a few posts tonight with my reasoning on that... I think this was just someone taking advantage of those sitting and waiting for their next chance to buy and he got them to bite.
How did you know it's B and not 1st wave (leading diagonal) down?
The biggest sign is that it has now retraced more than 100%
Unless I'm misunderstanding what waves you are talking about
You can make any line with any two points. Its not a significant line unless you have at least three points that line up, which would show the line to actually be a level of support or resistance.
Two points form a straight. Three points make a plan
How did you know it's B and not 1st wave (leading diagonal) down?
From my phone... Can't analyze right now
daily ma20 next stop?
You can make any line with any two points. Its not a significant line unless you have at least three points that line up, which would show the line to actually be a level of support or resistance.
The triangle here looks perfect:
even though it does not fit your counts.
even though it does not fit your counts.
okay, thank you for clarification
how possible is that we are still in this count?
(Ryan's chart from earlier post)
(Ryan's chart from earlier post)
THis is the count I am still updating currently
The (iv) is what we are working on right now. The only difference between that chart and now is that the targets need to move over a bit
As I said before in this thread, I don't draw my targets with a time target because the useable blank space on my charts is, at times, not big enough to keep a readable chart
Here is the update of that chart. The red arrows are just to show that those targets would be moved over
Technically, we have hit the (iv) target, but it's looking like it wants to extend a bit.
how possible is that we are still in this count?
(Ryan's chart from earlier post)
(Ryan's chart from earlier post)
I have no idea how you see those patterns.
Do you mean with the EWO in the background cluttering it up? Or just the waves in the chart?
When you stare at the charts and count everything enough, you begin to see the waves without even labeling them. I still keep them labeled because I have so many charts
With enough practice, you will see them too.
Here is the new triangle
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
I have no idea how you see those patterns.
Today I want to share the 3 counts that I was talking about yesterday. The first one is the larger ABC (amongst my most likely outcomes) To find the target, I used 100% of the A and added it to the bottom of B. I will leave this target on the chart for the duration of this correction just to see how it plays out. I will still continue to update the count as we move along. For now, the 3 is targeted for ~$429.
I'll get the triangle up in a little bit. I just want to clean the chart up.
I'll get the triangle up in a little bit. I just want to clean the chart up.
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