user100000
Long

wave 5 of expanding diagonal update

BITFINEX:BTCUSD   Bitcoin / Dollar
306 9 2
It looks like the market found support at wave four of one lesser degree which is often the case. the b wave correction ends where wave c is equal to 138.2% of a. Wave c of 5 (up) should start soon to complete the expanding leading diagonal . wave c is often 161.% of wave a. that level is 414. I'm expecting the target for wave 5 to be between 408 - 414 (march 23-27?)
yeah we're mooning to the bottom
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or we're bottoming the moon maybe; but i'm drunk already
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I had the same ABC outlook for this correction. ABC finishing in a final 3-3-5 leg of classic zigzag proportions. My original ABC forecast was 773 but the underlying geometry remained the same.
I'm pretty pleased with how this played out.
snapshot
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Man, you are in la la land. When are you going to learn your lesson?
+1 Reply
blackswan MoonTrader
LOL.. a lot of fickle minded analysts nowadays...
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johnrfraser MoonTrader
Poor user100000...none of us are right all the time. I'm sure you were called levi.grandt when you replied to this one, no? ;-)
Double top forming near to long term support line?
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MoonTrader johnrfraser
You're sure I was called levi.grandt? What??

Btw, I still a noob back when I made that comment, and besides, at least I'm not long literally all of the time.
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johnrfraser MoonTrader
Sorry man, I couldn't help it :-)
I'm a noob now and was even more so then...I was also caught out by the 38.2% here as in my chart it was 50%...and knew deep down it should hit 245 which on my TA is 71%...
Question is, does it look like its actually stopping here??
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I love to be optimistic about bitcoin and everything but your literally always long even when the market clearly says otherwise, you just redraw your waves! do any of your predictions actually come true?
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