RAJSALLIN
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April 12, 2017, 08:59:53 PM |
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[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?
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Afrikoin (OP)
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April 12, 2017, 09:09:51 PM |
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[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?
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BitcoinNewsMagazine
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April 12, 2017, 09:37:09 PM |
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[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.
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deepcolderwallet
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April 12, 2017, 11:34:00 PM |
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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.
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BitcoinNewsMagazine
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April 12, 2017, 11:53:31 PM |
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[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/
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Afrikoin (OP)
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April 13, 2017, 02:08:10 AM |
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[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
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Afrikoin (OP)
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April 13, 2017, 02:47:10 AM |
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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
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Afrikoin (OP)
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April 13, 2017, 03:14:08 AM |
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Afrikoin (OP)
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April 13, 2017, 03:23:45 AM |
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Afrikoin (OP)
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April 13, 2017, 06:07:36 AM |
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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
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Afrikoin (OP)
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April 13, 2017, 06:44:38 AM |
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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
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Afrikoin (OP)
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April 13, 2017, 06:54:04 AM |
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$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)
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Afrikoin (OP)
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April 13, 2017, 06:59:30 AM |
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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
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Dafar
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April 13, 2017, 02:13:57 PM |
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1600?? I guess 800 is out of the question now
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york780
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April 13, 2017, 02:16:33 PM |
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1600?? I guess 800 is out of the question now Not for shannen87, he will wait for $800 because of muh brain error.
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RAJSALLIN
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April 13, 2017, 02:25:06 PM |
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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.
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Kramerc
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April 13, 2017, 04:14:29 PM |
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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.
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Afrikoin (OP)
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April 13, 2017, 04:45:06 PM |
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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/
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Afrikoin (OP)
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April 13, 2017, 04:49:30 PM |
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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
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Afrikoin (OP)
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April 13, 2017, 04:52:32 PM |
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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
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