1 - High = 260.00
2 - Moderate = 270.50
3 - Low = 285.22
Background geometry acting as the principal engine. The larger picture remains under bears control (see prior analysis here: )
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Your point 2 (BLUE) in this chart is 10 dollars lower and is the same as your update on the Bitstamp chart with validates also 5', calls for Geo's Off-Set Rule: Eyes 240.50 as high-prob target (see your Bitstamp chart from 06 July 2015).
Your point 2 (BLUE) in this chart from Bitfinix is part of a bigger WolveWave, as illustrated on the Bitstamp chart. So, which of the two targets (point 4 (BLUE) of the smaller WW or point 4 of the larger WW, i.e. point 2 (BLUE)) has the highest probability?
Thank you for the updates! Great work as always.
Thank you. I understand, but the patterns in both charts are the same. Therefore, I asked myself why you differentiated between the two charts (Bitstamp and Bitfinix) with two forecasts. In this Bitfinix chart 240.73 is the point-4 level (point 2 in BLUE) for the larger Wolve Wave you illustrated well in the Bitstamp chart, but can be seen here as well in the Bitfinix chart. Therefore, it is not totally clear from the perspective of the geometries alone which of the two levels is the most probable, the 250 zone or 240.
$BTCUSD - Bitstamp/H4:
$BTCUSD - BitFinex/8-hour:
In the BitStamp exchange, the geometry developed in a way that it remains submissive to the Geo's OffSet Rule, just as the chart does in the BitFinex, HOWEVER, they each have different plots - Regardless of the corresponding price level, the will BOTH reach the same geometric point. It's just that they have evolved to with a separate Point-4 value, such that:
1 - BitStamp's Point-4 = 240.50
2 - BitFinex's Point-4 = 251.95.
If you do an overlay with this "larger" Wolve Wave geometrie in the Bitfinix chart as well, you also end up with a point-4 level of 240.73 in the Bitfinix chart.
I would say, just looking at the BitStamp and BitFinex, that they each could still accommodate their own larger (engulfing) WW or Geo, as well. What will direct whether the price of the larger geometries does is if they reach their respective Point-5 (in which case, price would aim for that larger 1-4 Line) or reach Point-5', where the Geo's Off-Set Rule would define a higher probability of attainment defined by level of Point-4.
I lost my charts this morning, but I'm prettty sure I saved them up somewhere. I will look at the versions where the larger (BLUE) geometry is drawn.