chessnut (OP)
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August 08, 2015, 01:19:40 AM |
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Thanks for the update chessnut.
If we passed the $300 ceiling, what are the chances that we will say to the $200's level bye bye ?
Thank you.
This would be wave five in any case so no the visit above 300 would probably only be brief. Wave ii or whatever follows would keep us below 300 for a while after.
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chessnut (OP)
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August 09, 2015, 01:57:29 AM |
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I hope everyone had tight stops. This sharp breakdown could indicate there being a bearish triangle, meaning this decline would be a terminal move. the initial decine from highs was undoubtedly an abc.
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batou
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August 09, 2015, 02:42:28 AM |
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meaning this decline would be a terminal move.
What does that mean?
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WhatTheGox
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August 09, 2015, 07:43:34 AM |
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Price is just probably flat sideways until 2016 before block halving, maybe we'll start going up spring time or something. Bitcoin traders will have to get jobs at mcdonalds mean time ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Tzupy
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August 09, 2015, 01:53:30 PM |
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Kind of disappointing how BFX and stamp munted the triangle form bottoming under wave c but with good form in china there is no reason why wave iv cant bottom here in the west with the existing form. Call it a double combo but it doesnt really matter. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2F0RRkRsxL%2F&t=665&c=vxYs7RrB7zPMww) This was invalidated, so how about a new and more realistic one?
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Sometimes, if it looks too bullish, it's actually bearish
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JustAnotherSheep
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August 10, 2015, 01:35:01 AM Last edit: August 10, 2015, 02:11:38 AM by JustAnotherSheep |
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Perhaps this? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7x01RJo.png&t=665&c=6Rnvn_2Gzuey0g) *edit: added (C) option
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Is it a bull? Is it a bear? No, it's just another sheep.
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Afrikoin
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August 10, 2015, 02:19:52 PM |
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Hi All,
Is anyone looking at the possibility of a failed 5th wave? What would one be looking for to observe if failure had occurred or not?
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
| .....█ .....█ .....█ .....█ .....█ .....█ | | █ █ █ █ █ █ |
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Patel
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August 10, 2015, 02:51:42 PM |
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We're headed to the 240's during August
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RyNinDaCleM
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Legen -wait for it- dary
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August 10, 2015, 04:58:38 PM |
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Hi All,
Is anyone looking at the possibility of a failed 5th wave? What would one be looking for to observe if failure had occurred or not?
It is possible as sheep shows but my version is a little different, but it really doesn't matter since it has the same conclusion. The real question is if it's a truncated 5th, was it C of (B) or only a 1? This is my version of a truncated 5th and a couple of possible outcomes ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1439224983933.png&t=665&c=Ako2WJXYDHGdIw) The larger view to show why it would have to be such a long correction for the green count ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sierrachart.com%2Fimage.php%3Fl%3D1439225163104.png&t=665&c=cawHi1cxPRt_4w) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2Fpchzx.jpg&t=665&c=c_VJXG_Y4UR3ZA)
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chessnut (OP)
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August 11, 2015, 10:33:17 AM |
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It slipped my mind the chance of a truncated fifth. Its probably the best count here.
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meh32123
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August 11, 2015, 05:05:29 PM |
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As i am new to Eliot wave theory, could someone please tell me whats wrong with this: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2Fg8z3CqyV&t=665&c=11S1MqvfxVKR2w)
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Calabi–Yau Manifold
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 19, 2015, 10:19:04 AM |
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It slipped my mind the chance of a truncated fifth. Its probably the best count here.
Any EW count for Finex ? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Afrikoin
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August 19, 2015, 11:21:55 AM |
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It slipped my mind the chance of a truncated fifth. Its probably the best count here.
Any EW count for Finex ? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
| .....█ .....█ .....█ .....█ .....█ .....█ | | █ █ █ █ █ █ |
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Afrikoin
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August 23, 2015, 11:19:09 AM |
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Since i began following BTC markets, i've observed some interesting patterns that take different forms but usually modified templates of the same pattern. Of course now, i consider them corrective patterns from EW. I just wonder if any of you observed this too (on different timeframes) and whether you have any more to add to this 'collection'? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FXPd5JcH.jpg%3F1&t=665&c=5VbsnVWF8CqNdA) Also, here is the first one i noticed back in October '14 ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F5Lyy8iq.png&t=665&c=aYFTvCy5WG0Otw)
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
| .....█ .....█ .....█ .....█ .....█ .....█ | | █ █ █ █ █ █ |
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JustAnotherSheep
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August 26, 2015, 02:57:05 PM |
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Seems we (may) have completed 3 of 5 waves down, which for me begs the question of whether this impulse will be the entire final leg of the 2-year bear market, or just the start of it ((1) of V of (C))? If the former, it may likely end as truncated/double bottom depending on how far the 5 extends. If the latter then capitulatory wave to lower 100's/double digits is still on the table, although (2) will probably need to retrace very heavily (ie to ~$260's) for the rest of the impulse to maintain reasonable fib proportions. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4O6EtON.png&t=665&c=YQklAcLubyEEkQ) Curious to hear your guys thoughts on this, or any alternative counts.
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Is it a bull? Is it a bear? No, it's just another sheep.
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RyNinDaCleM
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August 26, 2015, 03:49:29 PM Last edit: August 26, 2015, 04:43:26 PM by RyNinDaCleM |
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Seems we (may) have completed 3 of 5 waves down, which for me begs the question of whether this impulse will be the entire final leg of the 2-year bear market, or just the start of it ((1) of V of (C))? If the former, it may likely end as truncated/double bottom depending on how far the 5 extends. If the latter then capitulatory wave to lower 100's/double digits is still on the table, although (2) will probably need to retrace very heavily (ie to ~$260's) for the rest of the impulse to maintain reasonable fib proportions.
image snipped
Curious to hear your guys thoughts on this, or any alternative counts.
I was thinking in the case of a triple zigzag that your count is good for (a) of Z. Alternatively, this 5 down could be c of (b) of B where we will get a nice rally above 315 to complete a large B counter trend correction to the 152 lows' A. When I get home in an hour or so, I'll post a chart of what I mean. Edit: Got home faster than I thought. Red would be the former and yellow the latter ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8vTDgb7.png&t=665&c=UxRhz64zEfcS5Q) Edit #2: I do think your 4 is too short (in time) as it is right now, so i could see a 50% pull back and a C up over the next day or two.
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Queeq
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August 30, 2015, 04:14:04 PM |
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Even though this method of counting waves is somewhat uncommon, I guess many could find it useful to get an idea of what Bitcoin is really doing (courtesy of too-bad). ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpVEhKhC.png&t=665&c=kfqpoLyOwsJ_yQ)
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h3speros
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August 30, 2015, 05:28:01 PM |
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Solid analysis right there ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.ufunk.net%2Fwp-content%2Fuploads%2F2013%2F03%2Fthumbs-and-ammo-5.jpg&t=665&c=n028n_yANi5mRQ) Though there might be missing few LOL's from the middle
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maxll
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August 30, 2015, 05:31:33 PM |
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just lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Monopoly
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August 30, 2015, 06:13:54 PM |
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Very far away from reality everyone see the price is in a downtrend ........
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