TradingView
Yohisa
Apr 19, 2019 5:04 AM

Eliott wave + NVT confirmation  

Bitcoin / U.S. dollarBitstamp

Description

I think another capitulation leg will bring us to new low, the NVT seems to agree. 1800$ long term bear market target
Comments
dacto
even though I find the analysis quite to the point, I am only concerned about where you located the big "b" wave. Of course elliott does not %100 confirm the date range however, it gives the likely time zones. If you consider the b wave at 10k, that suggests that the "c" wave where you target 1800 is more than x3 time than a+b. Of course it is possible but not likely, that's why I consider the "b" wave at July 2018. This is not a critizm comment. If is for discussion :)
Yohisa
@dacto, Yess, I undertstand but I don't look at the time, only waves and fib extension because sometime marketmakers want to distract us for a long time, sometime not :) To get the final target of C, I use the trend based fibs extension in the big B wave (cycle degree). Starting point at the end of wave a, to b, and c. 1800 is the 1.618 fib extension. It doesn't always go to that extension, but looking at the structure of wave C and the NVT I think it's likely to go there.
FRXMACHNE
LOL
seba26-77
More