chessnut (OP)
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May 12, 2017, 04:27:48 AM |
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It looks like we have made a short term top. Fourth wave guideline means there could be a buying opportunity at around $1550.
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Mallyx
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May 14, 2017, 10:00:45 AM |
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It looks like we have made a short term top. Fourth wave guideline means there could be a buying opportunity at around $1550. Nice shot ... again ! Nice to see you again
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chessnut (OP)
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May 19, 2017, 03:05:25 AM |
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This impulse seems to be wave C of expanded flat B or a higher degree wave V compared to the last. Both of those counts point down. If it creeps up from here, all bets are off.
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Okurkabinladin
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May 19, 2017, 02:42:07 PM |
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This impulse seems to be wave C of expanded flat B or a higher degree wave V compared to the last. Both of those counts point down. If it creeps up from here, all bets are off. If it keeps indeed creeping up, wouldnt it mean, that we have just entered wave 5? I admit, I am no expert on field of technical analysis, but that would propel us to around 2600 USD per Bitcoin under standart conditions, is that correct, Chessnut? Also, thank you. Your thread is one of the handful on this board that are worth checking out on reguler occasion. Very insightful.
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chessnut (OP)
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May 20, 2017, 02:32:08 AM |
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Wave 1 of the last publication would be the end of a IV triangle. If that's correct wave V of the local cycle should top out in the lower 2k region with a significant correction above $1500.
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chessnut (OP)
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May 21, 2017, 12:52:40 PM Last edit: May 21, 2017, 01:06:07 PM by chessnut |
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Cautious here for bulls. Bedrock is 1550.
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blackwhale90
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May 21, 2017, 02:52:02 PM |
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Can we consider 5th wave to be extended?
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chessnut (OP)
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May 26, 2017, 10:16:12 AM |
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Can we consider 5th wave to be extended?
... yes Having extended doesnt necessarily change the retrace target of 1600 but I wouldnt expect less than 1800 or even 2000 to bottom in IV territory. The leg down to 2300 could even be the first of a triangle meaning to further lows.
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chessnut (OP)
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May 27, 2017, 05:52:01 AM |
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The original target of 1600-1800 is becoming more likely.
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chessnut (OP)
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June 04, 2017, 01:27:59 AM |
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If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.
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btc4lifer
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June 04, 2017, 12:56:42 PM |
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If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.
Hi chessnut. How are you counting all of the price action from 160/198 to 2700?
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chessnut (OP)
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June 10, 2017, 08:57:47 AM |
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If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV.
Hi chessnut. How are you counting all of the price action from 160/198 to 2700? My count from the bottom hasnt changed. You should find it a few pages back - a WXYXZ flat zz triangle. It looks like the third wave is not yet done and it could reach as high as 3500 easily before further consolidation above 2000. The fifth wave could be spectacular in several months.
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chessnut (OP)
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June 15, 2017, 06:38:45 AM |
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If 2800 was a third wave it is still likely that the price will drop once again from this area to the target area of 1800 or slightly above for the wave IV. Not sure if this is the end of wave 3 but regardless after some significant sideways there will be another leg. Is this the end of the bubble, I dont know. There may be some nested 1 - 2s I cant see.
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slap
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June 16, 2017, 08:09:08 AM |
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Thank you so much for all this info, chessnut. Deeply appreciated. Your last chart fits perfectly in my short term vision, I think now up till 3400 give or take and then a new cycle begins imho.
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darlidada
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June 29, 2017, 02:37:28 PM |
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any update?
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avirdoz
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July 16, 2017, 02:03:48 PM |
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Hey chessnut, how are you? Maybe you can share new EW idea?
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sosasnois
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July 17, 2017, 09:23:45 PM |
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Do you think that was leg 4 or do you think there is more to go?
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sidhujag
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July 18, 2017, 03:14:31 AM |
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any update?
Im sure if you pay the guy he will provide updates. I think he should open a paid subscriber service many of you would pay for it im sure. But even so im sure many of you would also not make money still heh just because there is no holygrail only edges in trading.
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chessnut (OP)
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August 13, 2017, 08:21:58 AM |
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There is an impulse form here as predicted, lovely proportions. Wave (v) is in wave iii, it could go between 5k and 7k. Then the question is - was that a primary wave down there (1?). that would mean a correction to 3-4k, and more bull, maybe an extension, even higher. It might be sensible to assume that this wave v is the final wave, in which case it could go a bit higher that 7k, and the correction that follows could take some time. If you have made profit from my analysis any tips would be appreciated to 1DyaSa53z1uVDgGN7D1rk7U2h9xLbR4q7v
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chessnut (OP)
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August 14, 2017, 10:26:44 AM |
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The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in. We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts. Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us. This is cool
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