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BITCOIN - ELLIOT ANALYSIS KEEP CONTINUING

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Today XUANHAIMMOER bring for you everyday update about Bitcoin . If you have not follow me, so click Follow for getting everyday update about Bitcoin every morning and LIKE this post for support me.

In last update I give all you buy zone from 37xx - 38xx and now you may in profit if you follow the last strategy of me.

The buy zone: Keep the last buy zone and I give all you in the chart with detail explain.

Stop loss: 3685$

This Elliot chart is exactly over 1 week with everyday updates. So I will keep my opinion for this one. If the price break down 3685$ so I will research again about each waves.

All detail explain and strategy that I give all you in above. Just zoom for looking wave and reading for strategy!

LOVE ALL YOU <3 <3 <3
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Comment: The chart I update for all you everyday is the same and just update small different .

I also keep my opinion in over 1 week and I will keep all you update when we have any changes.
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Comment: Reached wave 1 and wave 2.

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60 minutes chart :DDDDDDDDDDDDDDDDDDDDDDDDDDD
+1 Reply
Are you using log calculation to count waves? My calculation excatly same with your outcome.

11780/ 6427 = 1.83289
1.618*log1.83289 = 0.42575
10^0.42575 = 2.66545

4868(wave4) / 2.66535 = 1826
+1 Reply
a2008 yache0204
@yache0204, How you calculate those using log calculation? can you give some sources to learn more?
+2 Reply
@a2008,

postulate1)19891 > 6000 (WAVEA), now we are in waveC
postulate2)11780 > 6427 = C-1
postulate3)9990 > 3212 = C-3

then,

9990/3212 ( wave 3`s length) = 3.11021
log3.11021 = 0.49278

usually 0.382 pullback > 0.382*log3.11021 = 0.18824

0.18824 + log3212 = 3.69502

10^3.69502 = 4954(wave c-4`s high)


I'm using this calculation to get rid of the distortion of the Fibonacci ratio in the log chart.

Plus wave 5`s calculation.

Using the statistical fact that in the bear market, the length of five waves is extended to 1.618 times of one wave

11780/6427 = 1.83289(wave 1`s length)

log1.83289 = 0.26313

1.618 * 0.26313 = 0.42575

10^ 0.42575 = 2.66535


4954(wave c-4`s high) / 2.66535 = 1858 (wave 5`s end)


What is surprising is that applying this calculation to the etherium-usd chart will calculate all inflection points within an error range of $ 10. In the chart from January 2018 until December 2018

+1 Reply
@a2008,

Eth-usd

wave1 > 1430 > 358


1430/358 = 3.99441

log 3.99441 = 0.60145

applying 0.618 pullback

0.618 * log3.99441 = 0.37169

0.37169 + log358 = 2.92557

10^ 2.92557 = 842 ( wave2`s high)



wave 1`s length > 1430 / 358 = 3.99441

applying 1.618 extention


log3.99441 = 0.60145

1.618 * log3.99441 = 0.97315

10^ 0.97315 = 9.40048


842(wave 2`s high) / 9.40048 = 89.56$ (wave 3`s low)




plus wave 4 calculation

applying 0.382 pullback


842/ 89.56 = 9.40151 (wave3`s length)

log9.40151 = 0.97319

0.382 * 0.97319 = 0.37176


0.37176 + log 89.56 = 2.32387

10^ 2.32387 = 210.8$ (wave 4`s high)
+1 Reply
Comment removed.
NICE chart; what do you think about this idea:
Reply
Bitcoin broke a triangle and a wedge , why is there no growth? What if a downward wedge is just being formed?

P.S. I accept thanks with likes and comments to the idea!
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