BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
if you draw a channel around the same degree waves it can help you estimate wave five target

instructions: connect the lower channel wave two and wave four of the same degree and move the upper channel line to touch wave three. this will give you an idea of where wave 5 will likely end
So where are we now after this routing today? Is this part of wave 4 still or do we need a recount?
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Noobincrypt PRO rivet.popper
still 100CHY from invalid on huobi... btce got slaughtered, other one is still ok, i was away when the 10/21 emas crossed otherwise would have dumped... man was holding from around 250, rough day
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rivet.popper Noobincrypt
Ouch, sorry to hear that. I am still in the money from 192 but I'm an investor, not a trader. I'm waiting to see if this EW thing ever takes off. At least we're still in the valid zones for the original count.
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jfun rivet.popper
when i hit play on this chart it doesn't give me the full bars.. says we're still at 1585 which obviously isn't right.. is it just me?
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most of my charts are sticking tonight too :-/
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user100000 johnrfraser
it happens to me too occasionally. charts not loading properly etc
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user100000 rivet.popper
still wave 4. macd confirms the recent peak was wave 3
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Wave 5 reaches the target at what looks like around Feb. 6th. Does this still work in with the overall March 23rd timeline for the peak?
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user100000 rivet.popper
yes bitcoins should peak in late march. but could be just one of the many peaks along the way
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rivet.popper user100000
So we get 400USD around Feb 6th and then 6 weeks later we are at 28k USD? With the possibility of reaching up to 93k USD if it turns out this is actually Wave 3, not Wave 5? I think I need to change my shorts.
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