Critical Levels - EW analysis

[chessnut]

At the time of writing, we have broken out of the correction. great time to buy, put stop under local lows, 2216 or so. This could get really exciting.

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[dbshck]

a good long signal here is a simple breakout,

Nice call

[chessnut]

I said about 36 hours ago that we might be around 2400 -.- well I still believe we are in a rapid state of acceleration and Im going to post here a ballsy chart of what could be happening right now. this fits the bigger picture really well and consistently where we might top around 2800-3000 yuan. Its not a pretty chart but pretty much says enough. We may be in wave (iii) of iii now, the very guts of a rally. large scale sentiment is turning and big money is supporting this move. This market has been an absolute PIG to short at the top. there is a lot of upwards pressure here and I think we could be at around 2500 yuan within, lets say, 48 hours this time  .

Of coarse this chart is not a trade signal. buying here is risky as fark. best to be holding long from a lower level as I have signalled. If you are looking to get in from now you might not be gifted with good risk reward.



EDIT - heres another one

[chessnut]

Here is a piece of advice if you have not bought in....

hypothetical wave ii and wave (ii) have been shallow corrections. to conserve fair retracement within this system we should expect wave iv and (iv) to be deep.

In other words, it will pay to practise patience and caution above 2400! or you may pay with the hair on your head!

[chessnut]

This price action is behaving consistent with my current c wave/primary impulsive count. I am fairly confident that we are bound for 2500 yuan or about $415 within 24-48 hours. expect more sharp movemets up.  we are in wave ((iii)) of (iii). watch and enjoy!

[chessnut]

measuring up the fibs in the west, BFX bitstamp could be bound for about 420 quite soon, and medium topping of in the 430s in the not too distant future.

[windjc]

measuring up the fibs in the west, BFX could be bound for about 420 quite soon, and medium topping of in the 430s in the not too distant future.

You mean Stamp?

[chessnut]

  I meant stamp

[chessnut]

Looks like we will reach the forecasted 2500 level in style. 0.618 wave (i) make wave (iii) project to 2545 or so. like I said, watch out for a deep wave (iv) correction might even test 2400 again. 2900 yuan is still on target! you might want to take some profit in the mid 2500 yuan range an buy back in the 2400 range,

[chessnut]

so what has just happened is wave ((iii)) got to 2539 and wave ((iv)) took us to 2480.

2480 is a critical level. It is the level that wave (iv) will approach but probably not pass after it tops out shortly in the high 2500s and possibly even low 2600s.

Ill be taking profit high 2580s and placing a fat order buy in this area (2490ish)

[chessnut]

That my friends..... is what you call a iii wave and a fifth wave blowout! yeah!

This breakout price action has given us some evidence that we have bottomed out at $275 and may never return.

This is my dominant count.



This thread is reaching a conclusion. I will continue to track the primary of the next bubble, but that might be the end.

If you have found any of my EW analysis useful and have made some killer profits then a fraction of that would be welcome in my bitcoin wallet as thanks and incentive to continue.

1Hyit1R9hd1WS58CtNdAUqhM7BknKx5i1N

[dEBRUYNE]

That my friends..... is what you call a iii wave and a fifth wave blowout! yeah!

This breakout price action has given us some evidence that we have bottomed out at $275 and may never return.

This is my dominant count.



This thread is reaching a conclusion. I will continue to track the primary of the next bubble, but that might be the end.

If you have found any of my EW analysis useful and have made some killer profits then a fraction of that would be welcome in my bitcoin wallet as thanks and incentive to continue.

1Hyit1R9hd1WS58CtNdAUqhM7BknKx5i1N

I find your posts very insightfull (I only discovered this topic yesterday). Based on your analysis I sold part of my trading stash (nothing considerable) at 334 EUR (Kraken's top was 335 EUR ). Anyway, I hope you will continue with your analysis, I will donate some BTC in the future as well.

[chessnut]

I find your posts very insightfull (I only discovered this topic yesterday). Based on your analysis I sold part of my trading stash (nothing considerable) at 334 EUR (Kraken's top was 335 EUR ). Anyway, I hope you will continue with your analysis, I will donate some BTC in the future as well.

Im sorry for your loss of coarse but with a lot of those scalps its really not a matter of certainty. While the bigger picture worked out (failed to make new lows as yet) I have recently strung together a set of trades and directions that would have bagged the follower a lot of cash. today I closed my position at 2595 yuan at a profit of 207%.

[chessnut]

at present it seems to me that we will be revisiting low 2500s fairly soon.

[watuba]

Are you opening a long position again there?

[chessnut]

Are you opening a long position again there?

I dont know at this point in time but there is a strong chance

[chessnut]

if we see a nicely define impulsive wave from here to low 2500s we will have a buy signal that will take us to 2700 yuan+

[Afrikoin]

That my friends..... is what you call a iii wave and a fifth wave blowout! yeah!

This breakout price action has given us some evidence that we have bottomed out at $275 and may never return.

This is my dominant count.



This thread is reaching a conclusion. I will continue to track the primary of the next bubble, but that might be the end.

If you have found any of my EW analysis useful and have made some killer profits then a fraction of that would be welcome in my bitcoin wallet as thanks and incentive to continue.

1Hyit1R9hd1WS58CtNdAUqhM7BknKx5i1N

Do you have some subscription service for your calls? I would sign up on a monthly basis.

On a different note, RyanDeClem did exactly what you just did on this thread. Lured everyone with very good calls -- almost perfect. A honey trap. Then closed the thread after a run of good counts.

You have a knack for picking patterns and thanks for sharing. Made a donation as well. Enjoy!

[Phillis]

i love this thread, please keep it up

[watuba]

That my friends..... is what you call a iii wave and a fifth wave blowout! yeah!

This breakout price action has given us some evidence that we have bottomed out at $275 and may never return.

This is my dominant count.



This thread is reaching a conclusion. I will continue to track the primary of the next bubble, but that might be the end.

If you have found any of my EW analysis useful and have made some killer profits then a fraction of that would be welcome in my bitcoin wallet as thanks and incentive to continue.

1Hyit1R9hd1WS58CtNdAUqhM7BknKx5i1N

Thanks chessnut!  Please keep up the thread.  I learned so much from this, and will contribute my own ideas when I have a better grasp on this stuff.  I made a donation and will continue to donate if you keep posting your analysis.