user100000
Long

wave 5 zoom out

BITSTAMP:BTCUSD   Bitcoin / Dollar
210 16 2
here is my 3h chart
so this was 1 of wave3?
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user100000 wonky_tonky
it's possible wave 2 of 3 was super weak and just a tiny blip on the chart
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wonky_tonky user100000
can you show me that wave 2 of 3? , i'm not seeing it..
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user100000 wonky_tonky
ok i will post it
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i think , it will go up to 340 , before go down about 260 ...
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BitcoinGuru khoilevt
maybe but its questionnable, we had a weak run to 335 and I think that was it. i think bear market will resume soon to 250-260.
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MoonTrader BitcoinGuru
I think that's a good guess. Bear markets tend to happen faster than you expect.
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I noticed you're still long. Do you think it's going to make a new ATH after we visit $220s?
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user100000 MoonTrader
yes. that will be the end of wave 4
5 will take us to ATH+++
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MoonTrader user100000
Cool! Great charts btw. They're not always spot on, but the seem to tell the story. I've never learned EWs myself.
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user100000 MoonTrader
thanks. no method is perfect, but i really found it very useful to see the big picture. it is very straightforward with few rules so easy to pick up
+1 Reply
wonky_tonky user100000
ive been experimenting with ew myself .. it's indeed giving much more insight in the bigger picture.. although it's not perfect.. i'm doing much better since i'm using it
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user100000 wonky_tonky
excellent. i've noticed you've been using ewp on your latest ideas. keep up the good work
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khoilevt user100000
So , what idea go up 8000 . is this still true now ?
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user100000 khoilevt
yes. it is based on cycle degree wave I and II which already happened. if you look at a semilog chart measure wave I (2.22-260) and copy/paste this vertical line at wave II (45) you will get 5K+. according to ew rules wave III should not be shortest so it should atleast equal wave I. at a minimum, it should reach 5K+ for wave III
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khoilevt user100000
I like this ... :)
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