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

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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
I still can not figure out if you really believe in what you're doing.
user100000 RamaDeda
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
FelixForster user100000
Do you know that in 2011 there was a high of $31? Can you please comment on how this would influence your count?
user100000 FelixForster
Yes, that would be supercycle wave I. It has no effect on my count
FelixForster user100000
Could it also be that $31 was ((1)) and $1152 was ((5))? (not knowing too much about EW)
user100000 FelixForster
Wave one and four should overlap in a diagonal. There was no overlap in your count
+2 Reply
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