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xuanhaimmoer
Jan 2, 2019 5:47 AM

BITCOIN - ELLIOT ANALYSIS KEEP CONTINUING 

BITFINEX:BTCUSD60
Bitcoin / DollarBitfinex

Description

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Welcome all you guys from TradingView community and new ones.

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

Comment

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Last analysis in 24 Dec
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BITCOIN - BOUNCE UP AREA - ELLIOT


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Last analysis in 1 Jan
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Comment

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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.

Comment

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BITCOIN - LEGENDARY ANALYSIS - LONG TERM


BITCOIN - WHERE WE ARE IN CYCLE ? - LONG TERM ANALYSIS


The similar of Bitcoin from the past

Comment

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This is small update for ETH

ETH - Hard Fork - Which target for this time ?

Comment

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BITCOIN - RISING WEDGE PATTERN - NEW BOTTOM ZONE 2019 ?

Comment

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Reached wave 1 and wave 2.

Congrate !
Wave Analysis
Comments
tommix
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60 minutes chart :DDDDDDDDDDDDDDDDDDDDDDDDDDD
yache0204
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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
a2008
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@yache0204, How you calculate those using log calculation? can you give some sources to learn more?
yache0204
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@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

yache0204
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@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)
Coin_Skywalker
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Nice work!
xuanhaimmoer
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@Coin_Skywalker, thank for sharing bro !
brary
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Loving the Elliot waves man.. keep up the good work, cheers
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