BITSTAMP:BTCUSD   Bitcoin / Dollar
476 21 5
Wave (d) should not exceed 247; staying below wave (b). Note wave (d) is corrective (abc) so make sure to count two impulse* waves and a correction in between.

*Diagonals are impulse waves too
I appreciate your work but I'm curious. How would you react if the price would plummet, let's say to 160? I suppose you would have to revise your count?
+2 Reply
yes that's true, anything can happen of course. but my count hasn't changed since January so that gives me confidence. thanks for viewing
rivet.popper user100000
Your count hasn't changed but a lot of the time frames have been moved repeatedly.

I'm not saying you're fudging, just that every time there is a move down, it always seems like now all the sudden there's an extra wave or pattern we have to wait to complete before the Big Upswing to Moon.
+2 Reply
user100000 rivet.popper
we have to be patient. the market sometimes slows itself down for some reason. i expected circle wave b to end on april 14, but the market had other ideas and transformed circle b into a a triangle. maybe it was "engineered" to buy more time for more accumulation; who knows. the triangle is nearly done. wave (d) should not take much time and you will not even notice wave (e). the market basing for 6 months is similar to building a strong foundation for a future high rise; and not to build a hut
your analysis are all wrong. stop posting shit about shit. go home!
are months analyzing the graph coming to $ 400!
six horrible to watch friend! STOP STOP STOP!!!!!!
-3 Reply
user100000 Balancepumps
i haven't broken any EW rules. If I did, please let me know
BitcoinGuru user100000
I have to agree with Balance here, then how come DanV EW charts have been more correct than yours by the majority. I think you should really consider publishing less charts and considering other indicators.
+2 Reply
rivet.popper BitcoinGuru
All DanV really did was choose "down" instead of up. And we were certainly in a downtrend previously. But it's a bit much to say he's been any more accurate than anyone else, including even Tim West and other well-known pro traders.

All this means there's really no reason why User100k's predictions are any less plausible than the others. The BTC market is a whole new world.
Balancepumps user100000
price controls, support, resistance, Fibonacci, moving averages. class works perfectly with BTC. look good all its analysis times back and observe that 90% is wrong. and with that I closed.
+1 Reply
wonky_tonky Balancepumps
if you dont like it.. dont come here and look at it lol
+1 Reply
Balancepumps wonky_tonky
shut up you piece of shit
-2 Reply
niconaylor PRO Balancepumps
THANK YOU! Somebody else can actually see that this is all fantasy analysis. Like I said any 4 year old can draw all over a chart.
just 12 ago...
user100000: "according to EWP the market will never go below 230.86"

Price was 236, I said short, tartet 216-225.
Stamp dumped to 219, no EW count for that?
Triangle complete!

btw, we have bearish pennant now.
+1 Reply
Sisko Sisko
Some typos there, but you get the idea.

*12 days ago
*target 216-225
The (d) wave in the chart above was part of wave (c). It's a simple mistake when labeling live markets these things happen. Please look at the daily chart above to see where (c) ends. I also counted 2 hour chart on my previous chart showing the wave (c) count. Thanks for viewing
-1 Reply
M4B0X. user100000
Yup, I see.
I'm for a nice cold water immersion therapy for BTC.
No position for me currently, just a peek on price action.
-1 Reply
I like your charts. Keep going. More entertaining than all the other 99$ charts (which have not played out neither). thanks
+1 Reply
niconaylor PRO lunartune23
I am bullish on bitcoin. I also think that it will reach $60,000 to $100,000 per bitcoin but you can't just draw lines of future price based off of what the last rally looked like.

Just because he's bullish doesn't mean you should agree with his drawings. That's exactly what they are--drawings. It's not technical analysis. He's got a passion for it and I admire that but he sure as hell is misleading a lot of people as to what is technical analysis.

If you want to learn how to actually read price they should definitely have an Online Trading Academy class in your local area as they have locations all over the world and in every 50 states. If you love technical analysis, why not learn from people who have made 30 year careers of only trading. I'm not here to be a troll. I'm here to help people. I also don't want to drag my mouse over a million green dots before I get to one that isn't somebody's fantasy drawings.
bottom shorters unite
You're always long
+1 Reply
Balancepumps SergioLagcar
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