Critical Levels - EW analysis

[chessnut]

This could be the intermediate term action.

[1713855632]

1713855632

[chessnut]

This could be the intermediate term action.

as wave 1 is about equal to wave 3, wave V should be extended, it could go to 5800.

[chessnut]

Looks like and ED consistent with a running flat iv. weakness suggests a powerfully extended wave v.

[TeeBone]

what kind of correction do you see after wave 5 completes.

[sidhujag]

what kind of correction do you see after wave 5 completes.

Imo depends upon LN, schnorr and CT. Im going to meet poelstra very soon and get an idea on how far along schnorr is because it didnt work for multisig. If its ready id say small dip then 100k

[600watt]

what kind of correction do you see after wave 5 completes.

Imo depends upon LN, schnorr and CT. Im going to meet poelstra very soon and get an idea on how far along schnorr is because it didnt work for multisig. If its ready id say small dip then 100k

oh...100k? please keep us updated. 

[sidhujag]

what kind of correction do you see after wave 5 completes.

Imo depends upon LN, schnorr and CT. Im going to meet poelstra very soon and get an idea on how far along schnorr is because it didnt work for multisig. If its ready id say small dip then 100k

oh...100k? please keep us updated.  

We do tend to jump 2 places on the log chart every time.. looking for that trend if adoption is following. Anyways id be interested in the alt marketcap ew count.. as i think its about to head up.

[chessnut]

This is a dangerous place for a five wave count to seem complete. A 50% correction or 62% correction is rational. iv wave territory is between 3000 and 2000.

[jeezy]

This is a dangerous place for a five wave count to seem complete. A 50% correction or 62% correction is rational. iv wave territory is between 3000 and 2000.

Yeah, looks like 5300-5500 or 3400-3600 zone intermediate.

[chessnut]

The presence of this Ending Diagonal is a sign of weakness. This is probably an impulse down at 2 levels.

[chessnut]

This is a dangerous place for a five wave count to seem complete. A 50% correction or 62% correction is rational. iv wave territory is between 3000 and 2000.

In the middle of IV territory places us at $2500, or log, $2200.

[chessnut]

This is a dangerous place for a five wave count to seem complete. A 50% correction or 62% correction is rational. iv wave territory is between 3000 and 2000.

In the middle of IV territory places us at $2500, or log, $2200.

The wave met the target but did not satisfy greedy shorts  

Whichever way you look at it, this abc seems like it will correct at least 62% upwards.

[podyx]

You havent posted anything in ages



 

[itod]

Whichever way you look at it, this abc seems like it will correct at least 62% upwards.

Amazing how accurate this prediction was.
62% on 3794 US$ (from the chart) is 6146 US$, almost exactly where the price went.

[Ted E. Bare]

Nice EW analysis chessnut!

[RyNinDaCleM]

Whichever way you look at it, this abc seems like it will correct at least 62% upwards.

Amazing how accurate this prediction was.
62% on 3794 US$ (from the chart) is 6146 US$, almost exactly where the price went.

Well, he meant 62% of the drop from 5k, like a B wave before dropping in a C. It was more of an "if the correction is not complete, we'll see 62% retrace, but if it is complete, it'll go higher than that." so that's where the "at least 62%" comes from. Not 37xx + 62% of 37xx. Still, weird how fibo levels work like that though. People's brains have a funny way of determining when price moves too far too fast and decide to wait on that next purchase/sell.

[LFC_Bitcoin]

Nice EW analysis chessnut!

He’s often there or thereabouts with his predictions, nobody is right all the time though so never trade based on what people here say no matter what their track record is.

Buy & HODL.

[sidhujag]

Nice EW analysis chessnut!

He’s often there or thereabouts with his predictions, nobody is right all the time though so never trade based on what people here say no matter what their track record is.

Buy & HODL.

Trading is about edge and money management. Risk reward and expectancy should be like the back of your hand else you better not quit your dayjob.

[prophetx]

all i want to know chessnut is when moon landing?

[DieJohnny]

seems we go to 8000 before small correction, then 12k, then 24k by April???