BTC can't get to 5th Base....Can you ever have too much 4play... Short

Bitcoin / DollarBitfinex

Description

⋅ Apr 10, 2018 5:03 AM

Hello!

BTC...we need to talk...

The only time I don't like foreplay is when it's BTC and it's stuck in an ABCDE.... and here we go again we are in the D wave.... that's right BTC is waving it's "D" at you!
We have currently been trading in a channel for a few days now... I saw the whole of twitter turn BULL with BTC's big green.... yeah you know what they are...

And as we completed a rare megaphone pattern.... we again came down... not before I got my tweet out though... I tweeted the wedge was about to break and BTC pulled out... before reaching the highs we were promised.... No climax.... nothing...

BUUUUTTTTT if we look at the elliott waves... BTC reached it's target perfectly.... 4play was all we were getting!

So with this in mind... a 5th wave is still to come, so let me tell you my thinking behind my target.

Wave 3 is currently shorter than wave 1.... and Elliott wave rule states this cannot be the case... my wave 5 is currently drawn at a 1:1 of wave 3, although this may be truncated, but here's my theory on length.... the hand size and foot size matters.... oh hang on... BTC wasn't it :)

The Fibonacci level is slightly above, but I am allowing for stop losses to go off and the blood to flow lower and the 1:1 of wave 3 lands perfectly on a major support....

So IDK... what do you think.... can BTC go all the way to 5th Base?

Safe and happy trading!

REMEMBER ALWAYS USE PROTECTION (minimise your risk, use a stop loss.) ALWAYS!!!!!!!!!!!!!!!!!!!

LNE.

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like.... :) <3

Comment

⋅ Apr 10, 2018 1:34 PM

Comment

⋅ Apr 10, 2018 1:35 PM

Can you harpoon a white whale.... or do WHALES EAT BEARS????

Comments

botje11

⋅ Apr 10, 2018 1:31 PM

LOL :) i like your writing style, good to keep this sideways action amusing. Nice analysis :)

LisaNEdwards

⋅ Apr 10, 2018 10:03 PM

@botje11, Hehehe thank you :)

bahmani

⋅ Apr 10, 2018 5:55 PM

Bearish Pennant and Bear Flag... Everything points to DOWNSIDE!

LisaNEdwards

⋅ Apr 10, 2018 10:02 PM

@bahmani, It does.... but will it be a lower low.... or a higher low and try for resistance one more time?

bahmani

⋅ Apr 11, 2018 1:48 AM

@lne, I think we have another Rising wedge now and price trying to make a lower low.

LisaNEdwards

⋅ Apr 11, 2018 1:49 AM

@bahmani, yeah for sure! On my updated chart :)

bahmani

⋅ Apr 11, 2018 1:54 AM

@lne, Well done, I'm a agree with you. :)

Luano

⋅ Apr 10, 2018 7:48 AM

Now would be a good time for a cigarette but I don't Smoke, rather something cold then!!
BTC you Cheat. I don't think any protection will save you from the inevitable!
Thanks for your wave counting and insight,
I'm thinking the 5th wave will end somewhere around 5700-6000 and then the first leg of an ABC correction wave to 6800-7100?

LisaNEdwards

⋅ Apr 10, 2018 7:55 AM

@Luano, hehehe! Shhh dont let BCH know... nothing has happened... yet we are stuck in the in 4th(ABCDE) wave of larger pattern C, so yeah if truncated very possible ;)

tammy007

⋅ Apr 10, 2018 5:57 AM

you must have spend more than 3 hours counting the waves :-)...very interesting analysis and looks on course as of now....