Critical Levels - EW analysis

[chessnut]

Time for a new count?

(If going by Bitfinex, at least. OKC still a hair below the previous high.)

A new intermediate count although we are still somewhere in a larger impulse. it could be an expanded IV, but I wouldnt count on anything right now. very very bullish indeed.

Sup, Mr. Ace. Time to go up I suppose and then some. Glad you've made your statement so we can all go long together.

not sure what you mean... Im not going long here, waiting patiently for form and a good entry. longs could get burned from here.

[1715050736]

1715050736

[podyx]

What's your target area chess?

[chessnut]

What's your target area chess?

... your guess is better than mine.

[Tzupy]

What's your target area chess?

Let me try this... About 750$ in about 10 days, if the market is in a similar position with the 6th December 2015.
If the market will now correct mildly and form a triangle, this would support the scenario above.

[sandiman]

What's your target area chess?

Let me try this... About 750$ in about 10 days, if the market is in a similar position with the 6th December 2015.
If the market will now correct mildly and form a triangle, this would support the scenario above.

So we'll have a triangle with a spread of 100$ from high to low ??

[BitcoinNewsMagazine]

If $700 on Bitstamp is taken out there is a good chance for a new all time high in the not distant future.

[hdbuck]

If $700 on Bitstamp is taken out there is a good chance for a new all time high in the not distant future.

yyurp. and if we do break ath, sky is the limit.

[chessnut]

These are clues that we are approaching a local top, foreboding a mere 200-300 yuan swing.

[chessnut]

These are clues that we are approaching a local top, foreboding a mere 200-300 yuan swing.

Quite some detour but we managed to revisit wave IV. sideways or continuation from here.

[Fakhoury]

These are clues that we are approaching a local top, foreboding a mere 200-300 yuan swing.

Quite some detour but we managed to revisit wave IV. sideways or continuation from here.

What will determine the sideways or the continuation of the uptrend bro ?

[sandiman]

These are clues that we are approaching a local top, foreboding a mere 200-300 yuan swing.

Quite some detour but we managed to revisit wave IV. sideways or continuation from here.

What will determine the sideways or the continuation of the uptrend bro ?

How do you make such charts with this price scale ? it this a paying option?

[RyNinDaCleM]

These are clues that we are approaching a local top, foreboding a mere 200-300 yuan swing.

Quite some detour but we managed to revisit wave IV. sideways or continuation from here.

What will determine the sideways or the continuation of the uptrend bro ?

How do you make such charts with this price scale ? it this a paying option?

It's Chinese markets. BTC/CNY on OkCoin, BTCChina and Huobi

[sandiman]

These are clues that we are approaching a local top, foreboding a mere 200-300 yuan swing.

img]https://www.tradingview.com/x/Yg0D4nrk/[/img]

Quite some detour but we managed to revisit wave IV. sideways or continuation from here.

img]https://www.tradingview.com/x/Rkopkxlu/[/img]

What will determine the sideways or the continuation of the uptrend bro ?

How do you make such charts with this price scale ? it this a paying option?

It's Chinese markets. BTC/CNY on OkCoin, BTCChina and Huobi

Arf, I ment down the screen the time lenght or i don't know how to call it?? it eliminate a lot of noise and waves looks much cleaner. my chart has got much more candle and waves are harder to see thank you in advance for the answer

[secousa]

Arf, I ment down the screen the time lenght or i don't know how to call it?? it eliminate a lot of noise and waves looks much cleaner. my chart has got much more candle and waves are harder to see thank you in advance for the answer

you can zoom in using the mouse wheel, or right click and hit properties in order to adjust scales.

[RyNinDaCleM]

Arf, I ment down the screen the time lenght or i don't know how to call it?? it eliminate a lot of noise and waves looks much cleaner. my chart has got much more candle and waves are harder to see thank you in advance for the answer

you can zoom in using the mouse wheel, or right click and hit properties in order to adjust scales.

This and...
You can also click the scale you want to adjust, the time in this case, and drag it left to have less bars on the screen. It is good practice to only account for 120-140 bars of data when counting an impulse. If it takes more time, you need to go up to a longer bar length. This whole rally is best viewed on 4hr+ bars, but to confirm the subwaves, you need to look at lower time frames.

[inca]

If we assume a 50% retracement of the latest surge then on huobi hasn't completed yet, only making a 68% move. (50% is ~4345cny). On finex we have it is about 650 and we almost touched there today. Difficult to see how much halving rally is left.

[sandiman]

Arf, I ment down the screen the time lenght or i don't know how to call it?? it eliminate a lot of noise and waves looks much cleaner. my chart has got much more candle and waves are harder to see thank you in advance for the answer

you can zoom in using the mouse wheel, or right click and hit properties in order to adjust scales.

Arf, I ment down the screen the time lenght or i don't know how to call it?? it eliminate a lot of noise and waves looks much cleaner. my chart has got much more candle and waves are harder to see thank you in advance for the answer

you can zoom in using the mouse wheel, or right click and hit properties in order to adjust scales.

This and...
You can also click the scale you want to adjust, the time in this case, and drag it left to have less bars on the screen. It is good practice to only account for 120-140 bars of data when counting an impulse. If it takes more time, you need to go up to a longer bar length. This whole rally is best viewed on 4hr+ bars, but to confirm the subwaves, you need to look at lower time frames.

Cheers for the help !!

[chessnut]

Assuming we are in an impulse rising from the last abc correction and without having the best bearings on the greater count this impulse analysis is probably the best bet for now. expect shallow corrections.

[meh32123]

That seems legit Chess, Thanks for sharing.

[Tzupy]

How crazy does the following sound?
From February to May we had a local 3, within the second leg up of THE B wave, that was suppressed and lower than the 1, because of lack of fiat on Chinese exchanges.
And now we are experiencing the local 5, approaching the top of the "fools' rally". By this count, we might top in 4 - 5 days, around 900$ - 1000$.