since btc is extremely chaotic i take the risk and made a test EW and see how is going to play
Comments
myselfbtc
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can btc move nice ? .... nah just panic up and down ......
HenningGurth
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i havent see your comment. Now is late to talk about it.
See you.
HenningGurth
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but there are some things that...
May be they want to stop it in 79(the origin of the last bull module). But i think is more possible they will mount one bearish trap below 79 until x2.2 dilatation and then begin the retracement.
We will see soon.
HenningGurth
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My Elliot Impulse count gives me 67.
geometricThinking
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I have re-looked at the daily to see where you got your count. I see it. If you are correct, the market is going to be slammed to levels not seen since last year over the summer. I hope your count is wrong. We will see. Good work, in any case.
geometricThinking
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Nice chart - I have a different count than you though. Per my read, your intermediate wave 1 is actually a 3, and your 2, a 4. From there I agree with you. Wave 1 has finished, and we are about to end wave 2 (of 5). IF my count is correct, we are close to the end of the bear market, though the next few days may be brutal for those who haven't sold yet. Waves 3 - 5 may take us down to 64 or lower.