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Author Topic: CryptoWaves - Elliott Wave Analysis Blog  (Read 29080 times)
chessnut
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May 09, 2014, 09:17:25 AM
Last edit: May 09, 2014, 09:49:15 AM by chessnut
 #301



this is a possibility. any ideas? seems like the bullish reversal count is in favour at the moment.

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chessnut
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May 09, 2014, 10:17:54 AM
 #302



.... and on BTC china... look at this. the lower fractals make perfect sense too.

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May 09, 2014, 11:24:50 AM
 #303

In the first chart (post 301) why do you automatically assume extended 3rd? There is no overlap.
The CNY chart seems plausible, but the 3rd wave of the iii looks to be the shortest wave so I'm not sure.



If the CNY chart is indeed a 5 waver, then the abA count in the Stamp chart might be right. The different markets do follow each other but sometimes take slightly different paths to get there. Stamp with a 3-3-5 and CNY with a 5-3-5 could be that type of situation.

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May 09, 2014, 11:59:39 AM
 #304

In the first chart (post 301) why do you automatically assume extended 3rd? There is no overlap.
The CNY chart seems plausible, but the 3rd wave of the iii looks to be the shortest wave so I'm not sure.

If the CNY chart is indeed a 5 waver, then the abA count in the Stamp chart might be right. The different markets do follow each other but sometimes take slightly different paths to get there. Stamp with a 3-3-5 and CNY with a 5-3-5 could be that type of situation.

i wasnt aware that I labelled an extended third. it are you referring to the (i)? that could be just iii. either way these charts are behaving impulsively.

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May 09, 2014, 01:34:03 PM
 #305

In the first chart (post 301) why do you automatically assume extended 3rd? There is no overlap.
The CNY chart seems plausible, but the 3rd wave of the iii looks to be the shortest wave so I'm not sure.

If the CNY chart is indeed a 5 waver, then the abA count in the Stamp chart might be right. The different markets do follow each other but sometimes take slightly different paths to get there. Stamp with a 3-3-5 and CNY with a 5-3-5 could be that type of situation.

i wasnt aware that I labelled an extended third. it are you referring to the (i)? that could be just iii. either way these charts are behaving impulsively.

Yes! By nesting 1-2's, you are implying an extended 3rd. It's not a big deal but unless there is overlap, you wouldn't normally count it that way until you have 9 waves (impulse with an extension).

Just trying to help Smiley

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May 10, 2014, 05:44:48 AM
 #306

here is an agressive possible count.


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May 14, 2014, 05:59:20 AM
 #307

Today I have two bear charts.
Simply put, there isn't really a bullish count from an EW perspective without forcing it. The rise off the $339 low has no impulsive properties, and the following consolidation has been too long for a corrective wave to that rise if it were a bullish impulse. One is bearish short to mid term. The other is a little bearish short term with a bullish midterm before turning back bearish for a final impulse lower.

Bearish short-mid term


I have been waiting on a rise to $450 or so for the last two days. It hasn't come yet, but we may see it in the next hours to a day.
If this is the count, expect a test of $400 in the coming weeks to complete 3  of III down.

Bear-Bull-Bear chart


As with the first count, $450 or so looks to be in the near term, but with this count, a C to complete a large (B) once the triangle completes before heading up in the large (C) from a chart I posted in the last week or two with a target of $500+.

Targets for the C of (B) would be as follows;
  • A triangle thrust target of something around $400
  • 61.8%-100% the length of (A) around $380-331 respectively

Should the (B) make a new low, then expect the lower end of the (C) target mentioned previously. Likely <$550.


I'd like to see something new from CryptoWaves to see his view of the situation.

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May 14, 2014, 07:35:49 AM
 #308



while I am keeping an eye on this little cell on Huobi.



Would you mind giving a bigger picture of that? With dates and such... It looks much different than the other markets, and I'm interested in what is really going on.

Looking at a zoomed in view of BS, it might jut be this current rise since $430!?!

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May 16, 2014, 03:26:25 PM
 #309

I apologize for the gap in updates. I'll get an update posted this weekend.
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May 20, 2014, 01:30:56 AM
 #310

New post up! Get ready for a large move in either direction.

http://www.cryptowaves.com/bitcoin-usd-wave-count-update-may-19th-2014/
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May 20, 2014, 04:21:29 AM
 #311

wow there was a large move all right!

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May 20, 2014, 04:24:20 AM
 #312


I imagine we are following this trend line then?

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May 21, 2014, 12:40:04 AM
 #313

This seems to be the case. very bullish above 460.


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May 21, 2014, 04:37:03 AM
Last edit: May 21, 2014, 06:37:49 AM by CryptoWaves
 #314

Very clean counting there, chessnut.

For my previous post, b-(2) is playing out as a zig zag instead of a triangle. Looking for another low below 420 for c-(2). If price rises above 520, the 78% retrace of a-(2), then this will be modified. The alternative count is that (2) ended at 420.
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May 22, 2014, 01:59:19 AM
 #315

Ascending triangle on the 15 minute chart - should get one more leg higher.
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May 22, 2014, 02:58:15 AM
 #316

you just beat me to it lol. this?


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May 22, 2014, 09:48:50 AM
 #317

The fractals aren't perfect but this is maybe a possibility?


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May 22, 2014, 11:21:46 PM
 #318



seems like an over shoot. could correct deep.

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May 24, 2014, 04:13:00 AM
 #319

seems to me like this


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May 25, 2014, 04:49:20 AM
 #320

just an idea..... this is behaving impulsively.


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