johnrfraser
Long

Analysis of weekly Bitstamp

BITSTAMP:BTCUSD   Bitcoin / Dollar
308 3 2
My analysis of the weekly...notes in the chart.
Your thoughts welcomed.
Thanks
DanV MOD
2 years ago
HI. I could be wrong, but note that you have labelled from Nov 2013 high wave I,II,III,IV and V to Jan 2015 low. Then it seem you have started to labels waves i -v possible ad larger degree wave I since after abc correction you are anticipating wave III. Not sure why you think that after 5 wave decline you have 5 waves up in this particular cycle.

Also you might struggle to label 5 minor waves i your wave I with low in Dec 2013.

Anyway, thanks for sharing.
Reply
johnrfraser DanV
2 years ago
Thanks for flagging that DanV.
I'm a bit slack with my EW labeling I'm afraid...and only just realized that in the settings of the EW tool there are more degree options than there are in the create panel, which I was not aware of.
The 5 wave down from Nov 2013 high I had drawn was an experiment as it seemed to fit better than the ABC...I'd forgotten I'd done it, so sorry for the confusion. I still intended to use the Jan 2014 low as end of correction and start of new cycle up. Whether this (yellow impulse) is a super cycle or major wave I confess to not having the expertise to say.
Does this version look better to you?
Thanks for commenting.

snapshot
Reply
DanV MOD johnrfraser
2 years ago
Possibly. On the basis that we do have the low for this corrective cycle.

However, that is a mega question and assumption. Which I think is unlikely.

Only time will confirm or not as the case may be.
Reply
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