BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
it usually takes 1/3 to 1/2 the time it takes to form the ending diagonal for the market to completely retrace the pattern. by jan 24 market should trade at 450+

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I don't think we've allready finished wave 5 - there is still room for another bottom price in range 210-240
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"I don't think we've allready finished wave 5 - there is still room for another bottom price in range 210-240 "

no, there is no room for further downside. the ED pattern is terminal
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ipkiss user100000
r u still sure ? ;-)
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very sure. because of ending diagonal rules and guidelines. there are limits to have far the 5th wave can travel. (5 less than or equal to 3)
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ipkiss user100000
I was talking about larger 5th wave - there is space for lower value then try to enumerate your waves in 5th wave assuming that the bottom will be lower
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the ending diagonal set the limit to how low the larger 5th wave may travel so i can't assume lower is even possible. i hope i understood you.
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A bit optimistic and predictive aren't we?
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user100000 EddieEspinoza
i base my analysis on the ED. the pattern is found at termination points of larger patterns and is often found in the fifth wave such as this one
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really ?
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no not to listen, wrong analysis, impossible climbs besides $ 303-314. you go down again next week
-2 Reply
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