user100000
Long

Wave ((1)) ew count; 2011-2013 (Historical)

BITSTAMP:BTCUSD   Bitcoin / Dollar
686 7 4
Here is my daily ew count of the early years of BTC . It counts very well as an abc zigzag correction which further adds more weight to the proposed large expanding diagonal idea currently underway. The advance was capped at (a * Phi^6) or (a * 1.618^6). Wave c is 1794% of wave a
elgoranie
2 years ago
noob
+2 Reply
RamaDeda
2 years ago
I still can not figure out if you really believe in what you're doing.
Reply
user100000 RamaDeda
2 years ago
I put my money where my mouth is. One of the guidelines of the expanding diagonal is the 5th wave will end near the connecting line (once extended) of waves 1 and 3. I looked at the structure of waves ((1)), ((2)), ((3)) and ((4)) and come to the conclusion that each leg is an ABC correction; abc up abc down abc up abc down and so on. This pattern only fit an expanding diagonal. If you know of any other ew patterns please let me know
Reply
FelixForster user100000
2 years ago
Do you know that in 2011 there was a high of $31? Can you please comment on how this would influence your count?
http://bitcoincharts.com/charts/mtgoxUSD#czsg2011-01-01zeg2013-02-01ztgSzm1g10zm2g25zv
Reply
user100000 FelixForster
2 years ago
Yes, that would be supercycle wave I. It has no effect on my count
Reply
FelixForster user100000
2 years ago
Could it also be that $31 was ((1)) and $1152 was ((5))? (not knowing too much about EW)
Reply
user100000 FelixForster
2 years ago
Wave one and four should overlap in a diagonal. There was no overlap in your count
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out