Very interesting to go back to this today, 12/29/2017... some 4 months after the fact, play it forward to today and look how it just walked right up the pitchfork. Not without some problems and some obvious overheating. Today, everybody is freaking out the BTC has dropped +6%. This gives some perspective. Trends over time. Back the zoom out of your charts more often. Maybe we need a new trendline to help with the exponential adaption? It looks like something totally new happened since 11/25/2017.
Himp
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Hello @tradedevil Thank you for your point of view.
Do you think we have started new impulsive wave from today's $4020 ? I assume that because from $4270 there are 3 waves down and potential 4th is higher than 1st wave low. Also do you still feel C wave will take place ?
damdamm
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This is very clear idea and to be honest I really hope in this scenario. Now is hot time to keep eye on it as it already caught your target. But take a look at your green (1) and (3) - it seems to be almost equal so maybe we should expect 5th wave as a extension. I am afraid of going beyond your 61.8 but on $4400-$4600 level your 5th green wave extension could nice line up with bull trap as right arm of H&S seems to be missing. If you are right you will save hord of sheeps from long and well developed bull trap. On condition that ships will not start running up and up first and realize finally that chart is so hot and tired by series of artificial movements that cool out is naturally needed.
So ships don't run with black sunglasses BUT wait calm for your super TradeDevil hero as now we are heading to sort of danger zone!!! :)
Any update at this levels or thoughts regroup from you TD ?
MANOLIS
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Awesome, very nice!!!!!!
jlhequities
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Question- What setting makes the price shadow like that? Just curious
tradedevil
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@jlhequities, Hi there; sorry I just saw this note. It's the Dolchian-Bollinger Hybrid VO. Search the indicators and you'll find it. It's helpful for the pivots and fib pulls...
dobrovan
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"C" must be about 1700-1800 usd for a full corection... good luck bro
SharpCharts
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Love your new vid channel, bro!
tradedevil
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@PhilHuynh, Glad to hear it. Thanks for the note...