Nights Watch by Afrikoin

[RAJSALLIN]

[img]https://i.imgur.com/UI4lk58.png

the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects

Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern

like this one

Me too!
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull

Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.

How high would the coming wave 5 be? What happens after that wave 5? A new count?

[Afrikoin]

[img]https://i.imgur.com/UI4lk58.png

the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects

Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern

like this one

Me too!
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull

Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.

Thank you!

could you label it for us please?

On a chart?

and share?

[BitcoinNewsMagazine]

[img]https://i.imgur.com/UI4lk58.png

the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects

Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern

like this one

Me too!
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull

Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.

How high would the coming wave 5 be? What happens after that wave 5? A new count?

As it stands you can make some Fibonacci predictions using most recent swing high and low of $1474 to $1633 minimum for top of Wave 5.

Those predictions would be invalid if the swing low changes though. I have seen other predictions from analysts I trust for top of Wave 5 at $1800 to $2800. If price goes parabolic that could happen (or higher.) That's why you should never sell all your bitcoin keep some for the future. Problem is the hard fork standoff is keeping the price down.

After a Wave 5 you would get an ABC correction likely to region of $502 to $779. If you miss selling at the high (most do guilty here) there will almost certainly be a dead cat bounce (B wave) giving you a second chance to take profits.

[deepcolderwallet]

I dont agree. People are way to positive right now. 500 000 USD predictions everywhere. 2000 USD next month everywhere. High expectations+ bad fundamentals = ... We both know the awnser.

Those $500,000/BTC predictions are for JOKES.
I will stick with Afrikoin's $800's scenario...

... meaningless bullshit...

Your reputation york780 doesn't make you trustworthy, sorry Stick to your own b-class thread please.

[BitcoinNewsMagazine]

[img]https://i.imgur.com/UI4lk58.png

the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects

Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern

like this one

Me too!
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull

Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.

Thank you!

could you label it for us please?

On a chart?

and share?

Sure see https://www.tradingview.com/chart/BTCUSD/02ZSzuha-Bitcoin-Elliott-Wave-Count/

[Afrikoin]

[img]https://i.imgur.com/UI4lk58.png

the conclusion on this count ie after wave 5 may be right, but the count is wrong IMO on some aspects

Like what is decribed as a a wave '3' is actually a wave '5' after a wave 3 impulsive wave that corrected in a wave '4' triangle corrective pattern

like this one

Me too!
I also saw it on tradingview.
It looks like the bullish momentum is broken for now, we moved out of the zone in the second chart.
Consolidation or a downmove is coming next.
Really nice chart, simply beautifull

Problem as drawn and counted is impulse wave 3 of a five wave move up can not be shorter than wave 5 according to strict EW theory. If you look at a weekly chart on Bitstamp and try not to force an EW count it is more likely that we finished Wave 3 at the ATH with wave 5 still to come. That means we are probably in an extended Wave 4 correction. That count would put a hard bottom on the correction at the top of Wave 1 which I put at $779. The exuberance that accompanied the ATH would fit with what is normally seen with a Wave 3 top.

Thank you!

could you label it for us please?

On a chart?

and share?

Sure see https://www.tradingview.com/chart/BTCUSD/02ZSzuha-Bitcoin-Elliott-Wave-Count/

That count is wrong IMHO

The 1-2 cannot be a wave 1/2

What you label as 1 is a mini 3, and the triangle that follows is a contracting triangle 4.

Now with EW there is room for disagreement

So what I would do Is look at historical charts on Google of "wave 2" that have that shape.

I have not come across that shape of a 2 IE a wedge triangle

[Afrikoin]

Here is one of my counts and how i see it

+ The zig zag fro $162 was some form of complex correction  - double zig zag possibly. But the C that follows confirms whatever correction it was, there was A -B in it, thus the C in purple.

Now the end of C marked the end of something.

Why i have the blue A and B drop before another C in blue

So it was a series of nexted A-B-Cs within another A-B-C

The Cs if you notice, have the 1 -2 -3 - 4 -5 wave structure

[Afrikoin]

Bearish Harmonic

Target = 50-61.8 Fib

SL = 1260

https://www.tradingview.com/chart/BTCUSD/aSbTJUCK-Bearish-Shark/

[Afrikoin]

https://www.tradingview.com/chart/BTCUSD/iII3srjF-Bitcoin-breaking-down/

[Afrikoin]

Perhaps this is what you have in mind, i shared this a month ago as one of the possible forms of a wave 5 top

Below it with price superimposed.

*Thing is, while this count is possible, it is still one of 3 possible tops. SO we are not out of the woods yet. My main interest is, we break DOWN in all my counts. And go back to $800. Why I am staying out of the market.

We could have already truncated

We could be in a B wave that will fail just below ATH

We could be in a B wave within an irregulat flat, that breaks past the ATH momentarily then back down

Or we could be waiting for this rising diagonal to complete the 5 and still break down.

DOWN! Not more up.

And why i am patient and trying not to get caught up in the short term excitement.

There is also the OKCoin withdrawals set to kick in on 23, so that is a date i have an eye on. What will the CHinese do when they enble withdrawals? Will they buy? or dump?

#justMy2cents

Article coming out today

[Afrikoin]

I call this playing toy.

This is me trying to figure out how the complex correction at $162 might have been.

It was clearly NOT an impulsive 1 2 3 4 5 wave up. So it must have been a correction.

This would be a leading diagonal A. that would possibly put as in wave 1 on a higher degree and possibly the down to come would be wave 2, then mega mega wave 3.

But we will only know this at $650

[Afrikoin]

$1060 zone might be a key decision point. A point of tension. and people buying back. Uncertainity over whether we bounce back up. Hard to say at this point because there are still multiple counts on how a top could unravel.

See my post above earlier

Or if an event will mysteriously happen on that day and we see more down

I will admit though, i have been watching these 2 patterns for similarities (in blue)

[Afrikoin]

Or maybe $1060 will be the peaka of an inverse head and shoulder (the shoulder peak) before a burst to $1600

source: https://twitter.com/CarpeNoctom/status/852359397854642176

[Dafar]

1600??

I guess 800 is out of the question now 

[york780]

1600??

I guess 800 is out of the question now 

Not for shannen87, he will wait for $800 because of muh brain error.

[RAJSALLIN]

1600??

I guess 800 is out of the question now 

Of course 800 isn't out of the question. Africoin is just providing a possible alternative. But we are heavily weighted towards his previous predictions imo.

[Kramerc]

I call this playing toy.

This is me trying to figure out how the complex correction at $162 might have been.

It was clearly NOT an impulsive 1 2 3 4 5 wave up. So it must have been a correction.

This would be a leading diagonal A. that would possibly put as in wave 1 on a higher degree and possibly the down to come would be wave 2, then mega mega wave 3.

But we will only know this at $650

Most of the times, the end of a bearish correction is not at the lowest point of where the market went.

If this is not an impulsive move up, are you really denying that crypto is in a bull market?

It's good to see the bears are still hoping, that strengthens the claim of the bull. The only time where one needs to be really wary is when everybody is convinced that all is rosy.

[Afrikoin]

My Bitcoin Price analysis April 13 2017. I wrote it yesterday before the drop

This is a good summary of my thoughts ATM

https://www.deepdotweb.com/2017/04/13/bitcoin-price-analysis-april-13-2017/

[Afrikoin]

I call this playing toy.

This is me trying to figure out how the complex correction at $162 might have been.

It was clearly NOT an impulsive 1 2 3 4 5 wave up. So it must have been a correction.

This would be a leading diagonal A. that would possibly put as in wave 1 on a higher degree and possibly the down to come would be wave 2, then mega mega wave 3.

But we will only know this at $650

Most of the times, the end of a bearish correction is not at the lowest point of where the market went.

If this is not an impulsive move up, are you really denying that crypto is in a bull market?

It's good to see the bears are still hoping, that strengthens the claim of the bull. The only time where one needs to be really wary is when everybody is convinced that all is rosy.

You know if you shared a chart along with your opinions we would all appreciate it.


It's fine to critic.

But its better to critic with an alternative analysis.


Saying this won't happen does not offer much in terms of thought progress.

So either share a chart and or analysis

Or shut the fuck up and gtfo

[Afrikoin]

I call this playing toy.

This is me trying to figure out how the complex correction at $162 might have been.

It was clearly NOT an impulsive 1 2 3 4 5 wave up. So it must have been a correction.

This would be a leading diagonal A. that would possibly put as in wave 1 on a higher degree and possibly the down to come would be wave 2, then mega mega wave 3.

But we will only know this at $650

Most of the times, the end of a bearish correction is not at the lowest point of where the market went.

If this is not an impulsive move up, are you really denying that crypto is in a bull market?

It's good to see the bears are still hoping, that strengthens the claim of the bull. The only time where one needs to be really wary is when everybody is convinced that all is rosy.

The target I shared is based on support resistance levels on the weekly chart.

There is very strong support at $650.

I shared a chart some pages back if you had bothered to look

Chart was by Joel on a bitcoin Price analysis article on bitcoin magazine