If............. If............... IF!
I am totally new to EW analysis. But have been following the excellent DanV.
Last night I tried to make a bullish EW chart which would have $340 low as the culmination of a Dec 2013 - April 2014 Wave 4. I couldn't do it. Any way that I reshuffled the wave counts in a way that conforms to EW guidelines resulted in the conclusion that there must be a lower low, or a retest of the $340 low at the very least....
I also couldn't get the short term bullish/long term bearish alternative to work either, whereby $340 represents the whole of Wave A, which would mean that we are now in the midst of Wave B, and could expect another leg up from here as soon as price breaks. If this were to be the case, then we could perhaps expect a run up to the $700 range before Wave B topped out and from there, it would be a long way down to considerably lower lows than $340 for the final Wave C of the Primary Wave 4.
No.
Bored and waiting.
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
To be very honest, I am considering buying-in near Spot $440
![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
How about you mate? Adjusting accordingly or shall we both wait it out together?
Take a spot 440 ... There is an old saying "being a Dick for a Tick"
i.e trying to get the best bottom or top high & you miss the movement ....I take this for a mid-long term investment
420 was a great price ..you have missed that
440 is a good price ...you want to miss that as well ?
470 is where MattheBearCat will have you come in which is a 12% higher buy in that you have left on the table or 12% more coinz
![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
this fantasy sub 300 prices are peopel who smoke crack rocks...take a postion and sit back and relax ..you will feel a shitload better than you do now
I had 415 lows & 510 highs with a 450 average cost price...
Through myself & friends we have another 150k going onto stamp in teh next 3 days & i will be very happy with a 440 spot
I have another 50k from another investor who is waiting for a 415 (i see a 2-5% chance of him getting fileld at this price) buy in and like MatThebearCat I have said that we will review the position if we hit 470 and I will tell him point blank that he will miss the movement & he will want to panic buy @ 510