chxdd

Elliot Wave #hopium for BTCUSD

BITFINEX:BTCUSD   Bitcoin / Dollar
4 months ago
I generally do not try to predict anything outside of a few days, which is why I stopped plotting EW's a long time ago, but this kinda stood out and I thought I would share.

I don't remember the exact fibs for estimating wave no. 5 so I'm assuming that past resistance will come into play and reject at 844 or (most likely) earlier.

At this rate, we should be seeing price continue to make higher lows until a top in the low 800's around October.

This isn't gospel, I'm into profits, not prophets. We'll see how this turns out in 3 months.
4 months ago
Comment: Sorry for the scrunched up chart. I made this on the big screen and when i checked it on my laptop, i realized that I made this mistake. Zoom out.
4 months ago
Comment:
My interpretation of recent waves.
4 months ago
Comment:
snapshot
4 months ago
Comment: We could also interpret (b) forming a continuation abcde triangle, which would still result in a downward continuation. I'm being optimistic and assuming this wave (4) ends flat before starting wave (5).
chxdd
4 months ago
snapshot


Superimposed OkCoin price over my BFX EW prediction. If what we're seeing right now is the start of Wave-5 then we should be looking to test this years ATH.
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chxdd
3 months ago
Truncated Wave-C @ Bitfinex.
snapshot


Full Wave-C @ OkCoin
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To me, this is confirmation that we are in fact going into our final Wave-5 and should be re-testing this year's ATH by the end of the year.
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chxdd
3 months ago
Bitfinex looking like our minuette Wave 1 of our Primary 5th Wave. Due to no gaps at the re-launch, this truncated Wave-C correction is reflecting the underlying strength on BFX at re-launch.
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OkCoin also showing us signs of minuette Wave 1 of Primary Wave 5. We should be seeing the end of Wave 1 and the start of Wave 2 at around 1.618 ($637.00 area).
snapshot
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