Critical Levels - EW analysis

[notme]

this is it.......it is wave 5. minimum local target 1880 for the ED but medium term tgt is still the wave 4 area.... 1760 or so. ED are sharp and fast to resolve.

I love how certain you are.

Too bad bitcoin doesn't care about your count.

[jehst]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

[Dilla]

Just because they are wrong one time doesn't mean you guys should come shit on them. Chessnut and others have done a really good job with their TA and EW. They have to be wrong sometimes, as it's not an exact science.

[notme]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

Don't hate on EW.  EW is a valuable tool, but there are always multiple counts available.

Just because they are wrong one time doesn't mean you guys should come shit on them. Chessnut and others have done a really good job with their TA and EW. They have to be wrong sometimes, as it's not an exact science.

I'm taunting him because he keeps using a tone of certainty when he should be more humble.  He is ignoring other valid counts in order to justify his beliefs.  He has been consistently wrong with his last few predictions and doesn't seem to want to revisit his assumptions.

[Morecoin Freeman]

Every count and technical indicator will be invalidated by ridiculous pump and dumps. Nothing special here.

[jehst]

Yeah, I'm just messing with you guys. You are doing good work in here.

[Afrikoin]

It is easy to criticize when you do not put yourself out there. Putting yourself out there and being vulnerable is skin in the game. SOme of you 'trolls' do not even have the guts to put up your chart forecasts let alone a thread. Where are your predictions? forecasts? Price targets? No one stopped you from pasting your ideas here. Why lurk then come in and put others down?

TO me, that is a show of WEAKNESS.

Easy to sit on the side and whine. F*ck you!

[sickpig]

It is easy to criticize when you do not put yourself out there. Putting yourself out there and being vulnerable is skin in the game. SOme of you 'trolls' do not even have the guts to put up your chart forecasts let alone a thread. Where are your predictions? forecasts? Price targets? No one stopped you from pasting your ideas here. Why lurk then come in and put others down?

TO me, that is a show of WEAKNESS.

Easy to sit on the side and whine. F*ck you!

agreed on all points, modulo the last two words.

chessnut's thread is a valuable resource and he deserve respect for time it puts in it.

lastly trading is not an exact science, there's no way to be certain about anything. we are all speculating after all.

[chessnut]

heart warming to see such a cracker rally.

This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.

We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.

currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation.



Need more to say more. trading is going to be great with the coming volatility.

[chessnut]

This is definitely worth keeping an eye on. This would imply another surge to 2400-2600. Give it some hours.

[uki]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

That is why I am not a big fan of EW. Getting the right wave count is never that obvious and sometimes even after the fact you may say that the counting is disputable, to say the least. There is also almost always an alternative count possible that yields very different, if not the opposite outcome. Happened quite a lot of times to me in the gold charts vs. USD and that is why I gave up on it.
Having said all that, I don't want to discourage posters in this thread from posting their predictions. It is great job and interesting exercise, even if your predictions are not that accurate.

[prophetx]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

Don't hate on EW.  EW is a valuable tool, but there are always multiple counts available.

Just because they are wrong one time doesn't mean you guys should come shit on them. Chessnut and others have done a really good job with their TA and EW. They have to be wrong sometimes, as it's not an exact science.

I'm taunting him because he keeps using a tone of certainty when he should be more humble.  He is ignoring other valid counts in order to justify his beliefs.  He has been consistently wrong with his last few predictions and doesn't seem to want to revisit his assumptions.

then u r the 1 who is a fool for trusting a random guy on internet with ur $$$$$$$$$$$$$

u should know that no 1 is an Oracle... except that guy in Omaha

[randomguy7]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

Don't hate on EW.  EW is a valuable tool, but there are always multiple counts available.

Just because they are wrong one time doesn't mean you guys should come shit on them. Chessnut and others have done a really good job with their TA and EW. They have to be wrong sometimes, as it's not an exact science.

I'm taunting him because he keeps using a tone of certainty when he should be more humble.  He is ignoring other valid counts in order to justify his beliefs.  He has been consistently wrong with his last few predictions and doesn't seem to want to revisit his assumptions.

then u r the 1 who is a fool for trusting a random guy on internet with ur $$$$$$$$$$$$$

u should know that no 1 is an Oracle... except that guy in Omaha

Hello, random guy here. You should absolutely trust me with your $$$$$$$$$$$$$.

Sry for trolling

[prophetx]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

Don't hate on EW.  EW is a valuable tool, but there are always multiple counts available.

Just because they are wrong one time doesn't mean you guys should come shit on them. Chessnut and others have done a really good job with their TA and EW. They have to be wrong sometimes, as it's not an exact science.

I'm taunting him because he keeps using a tone of certainty when he should be more humble.  He is ignoring other valid counts in order to justify his beliefs.  He has been consistently wrong with his last few predictions and doesn't seem to want to revisit his assumptions.

then u r the 1 who is a fool for trusting a random guy on internet with ur $$$$$$$$$$$$$

u should know that no 1 is an Oracle... except that guy in Omaha

Hello, random guy here. You should absolutely trust me with your $$$$$$$$$$$$$.

Sry for trolling

oh just the right random person on the internetz i've been waiting for to give me investment advice i will follow without question!!!  

btw chessnut I appreciate you taking the time to share your analysis with us

[notme]

Chestnut took my point and his latest posts lacks hubris.  And he did it without bitching and moaning.  Respect.

To the Chestnut defense squad, good luck with your idolization.  If it offends you that I mock cocky people when they are wrong, please block me.  But you will never see me mock someone who doesn't make declarations about the future and instead talks about possibilities.

[JustAnotherSheep]

heart warming to see such a cracker rally.

This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.

We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.

Also worth keeping in mind is the yellow count provided by Ryan earlier which, unless I'm mistaken, still seems a valid possibility.

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.

[Tzupy]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW.

[uki]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW.

I will borrow this one to my book of the famous sentences, if I may, Tzupy.
You made my day. I knew many explanations on why EW does not work, but this one hits the nail in the head!

[Tzupy]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW.

I will borrow this one to my book of the famous sentences, if I may, Tzupy.
You made my day. I knew many explanations on why EW does not work, but this one hits the nail in the head!

You may borrow this one...
However, EW does work sometimes, and chessnut had good calls in July.
Back then by EW the market should have reached 340 - 380, but the bad news of the possible fork changed the count.

[Afrikoin]

It's interesting watching the charts in this thread invalidated within 24 hours. Where is your God now, Elliot wavers?

In cryptocoin land, a ponzi is a fundamental. And fundamentals piss on TA, including EW.

I will borrow this one to my book of the famous sentences, if I may, Tzupy.
You made my day. I knew many explanations on why EW does not work, but this one hits the nail in the head!

You may borrow this one...
However, EW does work sometimes, and chessnut had good calls in July.
Back then by EW the market should have reached 340 - 380, but the bad news of the possible fork changed the count.

What do you have to say about this EW forecast?