Hi;
As far as I remember or not mistaken Bitrrex was delistted XEL from their shity platform about 1-2 years ago. XEL has also disappeared from the Coinmarket website. Is XEL traded on an exchange now?
Kind regards
I don't think so. The project was developed on discord and has not had any movement for a long time. The last message from a dev was more than 2 years ago: any1 — 12/19/2021 12:37
100%, most ppl don't realize that their token are still alive thanks to a handful of ppl giving time/money for free ^^ |
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If the count is correct,
we could be very close to the beginning of an explosive movement
wave (iii) of the [iii] of the Minor3
3-3-3
the most explosive waves are usually 3
For minute there, I thought you knew what i had for lunch!! I'm also surprised by the lack of attention given to this EW thread and its perspective. While I've never been a subscriber of TA, there's a certain allure to EW that I find compelling. Perhaps it's because EW delves into human emotions rather than just being about lines on a chart. this next wave will be life changing, that's for sure!... Keeps posting updates for us @xxxx123abcxxxx that explosiveness is manifested in this other count https://twitter.com/AlemzadehC/status/1767360395969245245 |
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If the count is correct,
we could be very close to the beginning of an explosive movement
wave (iii) of the [iii] of the Minor3
3-3-3
the most explosive waves are usually 3
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we could be in a wave 3 (iii), of a wave 3 [iii] of a wave 3 (Minor 3) from wave 5 That could give us an explosive rise  because waves 3 are famous for being explosive |
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I had doubts because I have always thought that the B of a plane could not be the shortest.
Wave 2 is probably another type of correction, rather than flat.
But as you say, if it exceeds $30k, we will have to think that we are in the 3
The rising wave which started from the low of 11-SEP, does appear to be corrective. So, this provides a clue that a B-wave uptrend is likely...  Not only was it not corrective, but it was the beginning of something very big.  The waves are deceiving. |
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The thing is they haven't launched it, so you can't tell if it's scam or not, but I have a friend that have passed his KYC (Know your customer) and have transferred his transferable pi to his wallet,
I also have a friend that sold his pi to someone for a huge amount of money, and was still looking for more to buy, so I think if pi will be something big then that will be in years time, and not definitely this year or next year.
If the network has not launched for that long, shouldn't that be enough of a red flag to show you that this is disaster waiting to happen? At this point, I am not sure how many people wasted their time and resources with a promise that they would become “rich” through pi network and yet today, it hasn't even launched after several months of waiting. I believe some have already cut their losses and given up My hypothesis is that core team, like other projects, is waiting for the fomo of the bullish cycle that theoretically comes after the halving. Other projects seem to be waiting for the outcome of the ETFs, before January 10, to see what the market does. It's a real mystery, some talk about selling in the news, others about ATH pre-halving... |
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What hurry are you for the (i) to finish? could reach over $50k and the (ii) after 40k$  A steeper pullback now would reset the overbought technical momentum indicators, and would then bode well for the next uptrend wave to blast through $50K Yes, although the market often does the opposite of what we believe, how to continue rising with overbought. Well, they are possible scenarios. There is nothing happening in the market without an explanation, only that people do not often know the reason why the market made some moves. This is mainly because they might not have the right set of indicators/strategies that will point in that direction or warn them of the possible things which the market might do. And if the strategy/indicator has already pointed to an overbought/oversold condition, it means that the trader needs to be careful and take no decision at that time no matter how they are being tempted to do. This subsists even if they see the market move so much in the direction, just as they always believe they would have gained through it, but it could be a trap. What happens at that time is that the market sentiment is strong at the time and it will take time before it subsides. But for those who have the scalping and short-term ambition towards the market trading, they can still continue to gain towards that direction until the market does otherwise. But must be ready to manage their trading account tightly and use tight stop loss as well. Also about Bitcoin, it's obvious that it's overbought, it would be slowing the bullish movements down if it didn't shed so many pips it gathered in order to take a breath so as to have the needed power to launch further upwards. But I doubt if the $50,000 will happen again this year. In the process of the coin taking this corrective breath, it would take time before it achieves that even as it still continues to make a bullish pattern again. The year is almost gone and 2 weeks is not enough to achieve this. Yes, 2 weeks is a very limited time, However, it is not impossible that next week it will make 18% and reach $50k In fact, 2 weeks ago it made 14% The most violent movements occur with overbought and a lot of fomo. I don't know if next week will be one of those times. |
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What hurry are you for the (i) to finish? could reach over $50k and the (ii) after 40k$ A steeper pullback now would reset the overbought technical momentum indicators, and would then bode well for the next uptrend wave to blast through $50K Yes, although the market often does the opposite of what we believe, how to continue rising with overbought. Well, they are possible scenarios. |
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What hurry are you for the (i) to finish? could reach over $50k and the (ii) after 40k$ |
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the 3 Primaries, 1-3-5,
they look similar,
with the halving right in the middle
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Possible, if 30K is cleared. I had doubts because I have always thought that the B of a plane could not be the shortest. Wave 2 is probably another type of correction, rather than flat. But as you say, if it exceeds $30k, we will have to think that we are in the 3 |
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...
posibly?  |
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36k
I see that you mark the 36k, but what would it be? Are you pointing it out because there could be a significant correction in time or price? Thanks! |
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Have you set the maximum PRIMARY[5] just coinciding with the halving, was it intentional or by chance? that is, until now the halving date has preceded the most bullish phase, which has lasted several months, it would be the first time that the halving coincides with a maximum. The ghost grey projection of INTERMEDIATE(5) is more or less based on INTERMEDIATE(3) wave. This is because INTERMEDIATE(3) was the most recent bull market, and may still carry similar socionomic metrics forward in the current INTERMEDIATE(5) bull market. If INTERMEDIATE(5) unfolds similarly to INTERMEDIATE(3) wave; in time this would approximate near the 2024 Halving. Just using a historical benchmark of INTERMEDIATE(3) wave at the moment, which will be refined in price and time as the waves and events unfold. Okay, thank you very much for the clarification. I see that that would break the current cycle, where the halving is halfway to the maximum. I suppose that at some point the halving will stop having that influence on the price, although I don't know if it can be now. |
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Have you set the maximum PRIMARY[5] just coinciding with the halving, was it intentional or by chance? that is, until now the halving date has preceded the most bullish phase, which has lasted several months, it would be the first time that the halving coincides with a maximum. |
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The channel drawn on the Bitcoin chart is not an Elliott Wave channel, its just an arbitrary classical Technical Analysis trendline capturing the most points on a trend; of which, a number of interpretations can be made. I say again that I am not talking about the channel, I'm talking about line 2-4 And I don't think it's normal for wave 5 PRIMARY to break line extension 2-4 https://i.imgur.com/vNKzeIs.jpgDon't see it as an issue, happens all the time. If this didn't happen, the charts would be picture perfect and very predictable ! Take a look at Apple: https://i.ibb.co/kcyzMmR/apple.png ok thanks, I remember reading something about it being a rule, but I'm not much of an Elliot expert. |
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The channel drawn on the Bitcoin chart is not an Elliott Wave channel, its just an arbitrary classical Technical Analysis trendline capturing the most points on a trend; of which, a number of interpretations can be made. I say again that I am not talking about the channel, I'm talking about line 2-4 And I don't think it's normal for wave 5 PRIMARY to break line extension 2-4  |
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Unsure of your question, perhaps you can draw it ?
line 2-4  |
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I always thought that wave 5 prices couldn't break through the 2-4 line, and in your count it does in PRIMARY wave.
The only exception were waves 5 in the form of terminal wedges. in which their respective waves 2 and 4 could cross the main 2-4, but this wave 5 looks more like an expanding triangle.
If it is valid, why not draw the line 2-4 and get the channel parallel to that 2-4?
The 2-4 parallel channelling is just a guide, which may not work well with exponential logarithmic charting ! and can wave 5 break wave 2-4 in this case? —In equity markets wave3 often overshoots the wave2-wave4 channel. —In commodity markets wave5 often overshoots the wave2-wave4 channel. To know why this happens, watch from 1:23:18 to 1:28:24: https://youtu.be/jJA58dxmzQk?t=4998I am not referring to the channel, I am talking about an Elliot rule that wave 5 cannot cut the extension of line 2-4 Unsure of your question, perhaps you can draw it ? Either of the following are possible:  but your BTC count is not any of these 3, you draw a channel, but the bottom line is not wave 2-4 PRIMARY, you are joining two points of different degrees, you do not join points 2 and 4 of the same wave PRIMARY. I thought it could be understood without having to draw a picture. |
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I always thought that wave 5 prices couldn't break through the 2-4 line, and in your count it does in PRIMARY wave.
The only exception were waves 5 in the form of terminal wedges. in which their respective waves 2 and 4 could cross the main 2-4, but this wave 5 looks more like an expanding triangle.
If it is valid, why not draw the line 2-4 and get the channel parallel to that 2-4?
The 2-4 parallel channelling is just a guide, which may not work well with exponential logarithmic charting ! and can wave 5 break wave 2-4 in this case? —In equity markets wave3 often overshoots the wave2-wave4 channel. —In commodity markets wave5 often overshoots the wave2-wave4 channel. To know why this happens, watch from 1:23:18 to 1:28:24: https://youtu.be/jJA58dxmzQk?t=4998I am not referring to the channel, I am talking about an Elliot rule that wave 5 cannot cut the extension of line 2-4 Sorry, now I have doubts, the rule is that line 2-4 should not be cut by wave 3. Although I have always thought that wave 5 could not cut the extension of line 2-4, unless wave 5 was a terminal wedge |
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