looks like an over extended b wave, the spring has been coiled, and some fishy business happening on huobi. looks like a rally is set to reach 450 soon.  |
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this is the first time ever I see a 1,5k Wall on Huobi. beginning to scare me.  there, I took my walls down just for you  |
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This is clearly the pre-amble for the big rally to $5,000
hmm I dunno about that. for now it's just a very small move but we will see aye. |
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nah this is a bear trap. I think you'll see we are about to scalp up.
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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.
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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.
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BTCCNY  BFX  seems like descending diagonal. |
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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. |
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RyNinDaClem, if we broke 460 again now for no apparent news realated reason, it could be a strong long signal dont you think?
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ok so you are on the sidelines then?
seems like there is no motive to the market today.
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Great idea, it could be a leading diagonal. are you BUllish or bearish on this RyNinDaClem?
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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?  |
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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. |
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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.
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? |
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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?  |
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Why would this happen?
It is an EW discussion not a FA, but the fundamentals are always merky none he less. plenty of factors that could drive bitcoin higher, and lower. |
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this could be VERY good. what are they going to say? 'we have banned all third party deposits' - for granted. what worse? they aren't going to ban bitcoin we know that.
but what if they say, 'we are waiting for further guidance from the USA on regulation of this crypto' while USA in USA legit exchanges are being planned to open in July?
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but it gets even bigger than that.  |
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Nice chart Krabby, I hadnt seen that one before. this is my chart   |
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