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well I think that this is the end of wave three, but not yet the primary. I just dont see a wave iv yet.
In this case, the biggest test of support we can face now is 439 - wave i overlap, and 387 (H&S + end of price history before extremes)
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any thoughts on this?
In my last post. I see.... deep correction possible aye. |
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 any thoughts on this? |
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Elliot wave? I thought Elliot was waving from a train
Elliot stuck his neck out too far just before a tunnel.... RIP elliot. |
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I dont really care if this is v/III or iii/III. Im going to look for consolidation for about a day or two, then wave V might take us to 580, 620, who knows. but probably less than 800  critical levels are 483 and 450. if it passes 450, that fucks things up a bit.   |
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interesting the EMAs.... I dont really care if this is v/III or iii/III. Im going to look for consolidation for about a day or two, then wave V will take to to 580, 620, who knows. but probably less than 800 critical levels are 483 and 450. if it passes 450, that fucks things up a bit. |
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it has been bullish but I believe we are already entering a range. I think we will consolidate between 500-600 and it may be frustrating for some time.
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yah I noticed something was wrong.....
so I think we just saw wave iv of III of the primary wave, hitting a bottom in that little wedge. super good support. we should top off wave III at maybe 550-560.
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I made so many bad decisions today it's not even funny. I can't fucking believe that I managed to lose some money on this drop to 340 and rise up instead of making a killing.
I'm in the same club. I took my principal away long time ago, but still! Almost half of my gains in coins since December have been wiped. told you guys this is not safe to trade, we will be going up on waves till the end of this month then the price will be somehow stable for some time (couple of weeks). and good morning  The EW traders are making a killing right now. this is a traders safe haven. never a better time to trade than when the crowd turns. |
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but they are riding horses... is that bullish? |
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  exact same trendline. last line of defence, like a knife through butter. we have lift off! |
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We need to open a bear rehabilitation thread.
it's O.K to be a bull!
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Wedge closing in Huobi just about now. It's a game of musical chairs and the music is stopping. Short or long?
well, if you consider the significance of the upper wedge, this is not exactly an ideal long entry.... but doesnt seem like huobi cares at all. Im gonna HODL, and see what happens when the music starts again. |
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 third time bounce. this is a bullish wedge  On a runup on super low volume. Are you watching volume of the last 3 runups? Decreasing dramatically. How far do you think we go before correcting downward? The market just went up 47% in a few days. No rest until 1000? I am expecting 540 today, consolidation then 580, and then a long time between 500-600. |
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third time bounce. this is a bullish wedge |
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best to do it while the price is falling tho.
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dhomsdad, wrong. TA, EW and risk management all have fundamental explanation. If you dont know the explanations, then that is why you are wrong. If you think I am trading without fundamental analysis and strategic fundamental goals, then you are very wrong.
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Most people's logic here is that as soon the price stops trending down, the next stop is ATH, because is that is what has mostly happened in the past.
the technology is a phenomena..... this is not weak logic. a sequence of 5 is the best correlation a technical analyst could ever hope for, and the fundamentals are expanding exponentially. how can you expect after 5 years that this is just gonna have a break year? bitcoin has never grown at such a rate as it is growing now fundamentally. |
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It wasn't an attack question. I see these charts all over the place but not sure how to read them or what conditions are being used or considered to make these various predictions.
I was asking, aside from the charts themselves, what are you (as in people generally, not anyone in particular) using as a basis to determine your predictions.
Trying to learn is all.
al good  wasnt an attack answer either. but from a TA perspective, tough questions! .... what we have here is a wedge. a force moves the market into new territory, and then price is range bound between beginning and end extremes while liquidity and volatility disappear as it consolidates. it forms a triangle shape we call a wedge. when the liquidity dries up, the market has to move one way or another (where the next bidder bids), and by rule of thumb we say it will go in the direction of the trend. I am using fundamentals to justify that we are in an up trend now. therefore I seek to buy on dips and breakouts. |
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 no conviction to the reaction. edge to the upside, break this wedge that has formed. |
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