Fakhoury
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June 03, 2016, 01:37:01 PM |
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We have returned to the triangle of IV wave territory which I have been waiting for. This abc is probably the first wave of a triangle wave (IV) minimum tgt 3800 for triangle, wave (V) tgt is 4k + regardless. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2F5Tir74kJ%2F&t=665&c=z3bRUmC1uUjUbw) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FWsazSF0M%2F&t=665&c=mOIMnYQWxdMnrQ) Tracking the triangle.... I would expect around 3900, 3800 minimum, and then 62% retrace. Thank you my friend, chessnut, quality TA as usual ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) After the 62% retrace, we will head towards 4000+ CNY, am I right ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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podyx
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June 03, 2016, 04:31:09 PM |
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The west is leading, how confident are you in that triangle?
Maybe china just needs to wake up
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chessnut (OP)
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June 03, 2016, 06:49:10 PM |
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Thank you my friend, chessnut, quality TA as usual ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) After the 62% retrace, we will head towards 4000+ CNY, am I right ? yup, should be. The west is leading, how confident are you in that triangle?
Maybe china just needs to wake up
doesnt have to be triangle, but it makes a lot of sense.
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chessnut (OP)
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June 04, 2016, 10:20:00 AM |
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It seems like we have completed the wave B of a triangle. look for a deep retrace.
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Fakhoury
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June 04, 2016, 10:43:40 AM |
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It seems like we have completed the wave B of a triangle. look for a deep retrace.
The 62% brother, right ?
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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podyx
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June 04, 2016, 04:39:52 PM |
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What would be the target on bitstamp? Around $545?
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Afrikoin
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alan watts is all you need
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June 04, 2016, 05:58:46 PM |
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good call Chessnuut
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▄▄▄██████▄▄▄ ▄██████████████████▄ ▄████████████████████████▄ ▄▄ ▄████████████████████████████▄ ███████████████████████████████████▄ ▀▀█████████████████████████████████▄ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ▀████████████████████████████████▀ ▀██████████████████████████████▀ ▀▀██████████████████████████▀ ▀██████████████████████▀ ▀▀▀████████████▀▀▀ | .
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sandiman
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June 04, 2016, 06:51:09 PM Last edit: June 04, 2016, 07:01:32 PM by sandiman |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7uPFgXa.png&t=665&c=jtWwxFhHhGnSIw) BTC following Wickoff stock analysis very closely!
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chessnut (OP)
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June 04, 2016, 09:15:58 PM |
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BTC following Wickoff stock analysis very closely!
its an EW thread please. It seems like we have completed the wave B of a triangle. look for a deep retrace.
The 62% brother, right ? Yes, at this time it is down 38% on a clear abc... meaning that a deep retrace must be some sort of combination.... could be a bit disorderly. if we pass 3880 now then Im a but confused. Longs growing on Okcoin are a good indication that we will decline though. 62% and deer would mean a target of around 3630. good call Chessnuut
thanks.
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Fakhoury
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June 04, 2016, 09:26:22 PM |
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It seems like we have completed the wave B of a triangle. look for a deep retrace.
The 62% brother, right ? Yes, at this time it is down 38% on a clear abc... meaning that a deep retrace must be some sort of combination.... could be a bit disorderly. if we pass 3880 now then Im a but confused. Longs growing on Okcoin are a good indication that we will decline though. 62% and deer would mean a target of around 3630. Perfect my brother, so after that we will have a small rocket launch to 4000+ CNY. What do you see after that in medium term brother ? Thank you as always my friend.
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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RyNinDaCleM
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Legen -wait for it- dary
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June 04, 2016, 09:28:36 PM |
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BTC following Wickoff stock analysis very closely!
its an EW thread please. I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function.
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chessnut (OP)
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June 04, 2016, 09:31:18 PM |
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BTC following Wickoff stock analysis very closely!
its an EW thread please. I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function. I guess it could be so, but in that case he has said enough ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Fakhoury
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June 04, 2016, 10:43:35 PM |
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BTC following Wickoff stock analysis very closely!
its an EW thread please. I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function. I guess it could be so, but in that case he has said enough ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Waiting to hear from you buddy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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chessnut (OP)
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June 04, 2016, 10:53:06 PM |
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Perfect my brother, so after that we will have a small rocket launch to 4000+ CNY.
What do you see after that in medium term brother ?
Thank you as always my friend.
if it is a triangle, yes.
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sandiman
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June 04, 2016, 11:04:12 PM |
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BTC following Wickoff stock analysis very closely!
its an EW thread please. I think that is a very crude version of a wave theory. More of an observation that the market moves in waves. No labeling so no consistent expectations and no actual targeting function. Following that theory, P&F was used by Wickoff (he used to do so highlighting the "cause" and then aiming for the "effect".). In this case, price pattern according to Wickoff should see around 50% retracement (I haven't add a look to the P&F chart, will do so tomorow, so now I am just speaking about Wickoff price patterns expected by the theory without looking at the actual chart for more precision. Anyway, still holding until I am confident on my trading skill). Anyway, let's not get off topic since this topic is amazing ! taking off ma hat to chessnut!
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Luthier
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June 04, 2016, 11:39:26 PM |
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It looks like the triangle is a good bet for China though the West may make more of a zig-zag. Was about 4700 what you had in mind for "4k +"? That seems like the next target and the minimum reasonable top for this whole rally (about $715).
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chessnut (OP)
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June 04, 2016, 11:46:24 PM |
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It looks like the triangle is a good bet for China though the West may make more of a zig-zag. Was about 4700 what you had in mind for "4k +"? That seems like the next target and the minimum reasonable top for this whole rally (about $715).
The west was playing catch u the whole time... wave B over extended.... we still call it a triangle, but a running triangle. it will look funny, so I just watch chinese charts. I would be expecting a fifth wave, it could go apeshit, it could fail. 4700 is not a significant number to me.
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Luthier
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June 04, 2016, 11:56:07 PM |
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He said NOT ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Fakhoury
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June 04, 2016, 11:57:28 PM |
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He said NOT ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Oh yes, just saw this now and deleted the comment. Thanks mate.
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Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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sidhujag
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June 05, 2016, 06:53:59 AM |
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There's been hidden selling btc and hidden buying eth from what I've been seeing... candlesticks on huobi are bearish so I do agree a retrace is likely and could put us back a bit on btc.
Not ew but I've been trading a long time take it for what it is that's my contribution thanks.
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