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josegines
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June 16, 2022, 12:21:19 PM |
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Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction? |
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xxxx123abcxxxx (OP)
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June 16, 2022, 12:25:11 PM |
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Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction? Yes, it would have been a more simple and easier market to analyse, but the EW count doesn't fit that scenario. |
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josegines
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June 16, 2022, 12:35:19 PM |
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Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction? Yes, it would have been a more simple and easier market to analyse, but the EW count doesn't fit that scenario. you mean your count, in which it seems that there is only one possible option, that of irregular correction from the maximum of 3.Not only do I see a zig-zag since Nov/21, but ETH made a failure of 5th on the same date, and is doing the same zig-zag. Of course, I warn that I am no specialist. |
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xxxx123abcxxxx (OP)
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June 16, 2022, 12:55:35 PM |
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you mean your count,
in which it seems that there is only one possible option,
that of irregular correction from the maximum of 3.
Not only do I see a zig-zag since Nov/21,
but ETH made a failure of 5th on the same date,
and is doing the same zig-zag.
Of course, I warn that I am no specialist.
Current EW interpretation of Ethereum —personally not a specialist either! https://12345abcdewxyz.files.wordpress.com/2022/06/20220616_ethusd.png |
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SoniBTC
Newbie
 Offline
Activity: 6
Merit: 0
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July 01, 2022, 06:01:50 PM |
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Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction? Yes, it would have been a more simple and easier market to analyse, but the EW count doesn't fit that scenario. you mean your count, in which it seems that there is only one possible option, that of irregular correction from the maximum of 3.Not only do I see a zig-zag since Nov/21, but ETH made a failure of 5th on the same date, and is doing the same zig-zag. Of course, I warn that I am no specialist. no one sees that the 3rd wave has ended, because they did not understand the essence of the waves |
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josegines
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July 01, 2022, 10:17:50 PM |
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Bitcoin upcoming Fibonacci-derived support zones...
Isn't it easier that 3 ended on Nov/21 and what follows is a zig-zag ABC of correction? Yes, it would have been a more simple and easier market to analyse, but the EW count doesn't fit that scenario. you mean your count, in which it seems that there is only one possible option, that of irregular correction from the maximum of 3.Not only do I see a zig-zag since Nov/21, but ETH made a failure of 5th on the same date, and is doing the same zig-zag. Of course, I warn that I am no specialist. no one sees that the 3rd wave has ended, because they did not understand the essence of the waves I don't know which third wave you mean, is it the impulse wave or the correction wave? |
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josegines
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July 01, 2022, 10:20:35 PM |
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what happened to this scenario? you commented that it would activate below 25k$Would we be in CYCLE II? The doomsday Elliott Wave count may begin to be considered if BTC declines below $25K and/or if GBTC declines below $17.40...  |
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xxxx123abcxxxx (OP)
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July 02, 2022, 11:30:58 AM |
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what happened to this scenario? you commented that it would activate below 25k$Would we be in CYCLE II? The doomsday Elliott Wave count may begin to be considered if BTC declines below $25K and/or if GBTC declines below $17.40... Yes, it is now possible that CYCLE II bear market is underway, and price is heading back to the DEC-2018 low (i.e. around 3K or lower). A decline below the JUN-2019 high (i.e. sub 14K) ought to provide confirmation. |
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laredo7mm
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July 02, 2022, 12:36:49 PM |
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From my experience, I can say these indicators can not give an accurate signal for crypto markets. Those may work for forex or stock but for crypto most of them are inaccurate. Even the most popular indicator like SMA, and RSI signals won't work most of the time. In RSI indicators BTC market is in an oversold position for longer than expected and still, the price keeps falling.
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Marrianadmii
Newbie
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Activity: 12
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July 02, 2022, 01:38:14 PM |
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What I think is that btc is forming megaphone pattern. So bottom this year 17k then ath end of 2022 at around 75k then real crash sub 10k. After that bull starts https://ibb.co/mHTB40k |
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SoniBTC
Newbie
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Activity: 6
Merit: 0
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July 02, 2022, 05:57:55 PM |
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From my experience, I can say these indicators can not give an accurate signal for crypto markets. Those may work for forex or stock but for crypto most of them are inaccurate. Even the most popular indicator like SMA, and RSI signals won't work most of the time. In RSI indicators BTC market is in an oversold position for longer than expected and still, the price keeps falling.
bullshit, the indicators themselves have never worked, they are only used to confirm other global analyzes |
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dragonvslinux
Legendary
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Activity: 1666
Merit: 2204
Crypto Swap Exchange
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September 11, 2022, 12:40:55 AM |
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This is proper "breaking the 4-year cycle style analysis", but I like it, despite lack of interest in Elliot Waves. I already feel like the 4-year cycle is breaking from a few different perspectives based on price as well as fundamental analysis. I'm not convinced by some $200K price target for next year, but starting to realise how price could reach around $75K to $80K before correcting back down into the consolidation zone around $30K to $40K for another bull trap, rather than simply a somewhat predictable lower high around $50K sometime in the near future before likely dropping in half back to the 200 Week MA.
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CookieFactory
Member
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Activity: 118
Merit: 19
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September 22, 2022, 04:01:11 PM |
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Snooze mode until October.
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xxxx123abcxxxx (OP)
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September 22, 2022, 04:04:47 PM |
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Snooze mode until October.
It appears the markets are heading towards new lows for the year, going into the November US election, and then perhaps begin bouncing from thereafter. |
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ImThour
Copper Member
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Activity: 1400
Merit: 1512
Bitcoin Bottom was at $15.4k
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September 30, 2022, 12:25:42 AM |
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It appears the markets are heading towards new lows for the year, going into the November US election, and then perhaps begin bouncing from thereafter.
I would love to see elliot update for this  |
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xxxx123abcxxxx (OP)
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October 01, 2022, 06:47:32 PM |
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It appears the markets are heading towards new lows for the year, going into the November US election, and then perhaps begin bouncing from thereafter.
I would love to see elliot update for this  |
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CookieFactory
Member
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Activity: 118
Merit: 19
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October 22, 2022, 01:10:37 PM |
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I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.
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