stevepuri
Long

Elliott Wave / BTCUSD / 2018-2019 — Bull Market

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Elliott Wave / BTCUSD / 2018-2019 — Bull Market
hey stevepuri, just wondering, why did you change your Primary 4 as the 5th truncated wave 3328 usd ? Wave 4 retracement has the option to go all the way up 5800. I am just wondering and want to learn more, that is why I am asking...
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@dacto, The wave-2 bounce in Aug 2018 was 26%. The wave-4 bounce in Dec 2018 was 36%. Both waves are of the same magnitude. The bounce from the Feb 2019 low to present is 60% and the waves thus far appear to be impulsive —these two points rule out an ongoing wave-4 bounce. Further information here: https://bitcointalk.org/index.php?topic=5128394.0
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dacto stevepuri
@stevepuri, thank you for your response and the great analysis for the community. checking right away
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dacto stevepuri
@stevepuri, I got another question for you dear steve. The nd wave does not retrace more than %100 of st wave in Bitstamp however on Bitfinex it pulls back to 7800 with an ugly wick. Do we consider that wick as a fail or we just disregard that for the elliott wave?
Reply
@dacto, No waves or wicks are discounted, everything counts. Bitstamp and Bitfinex have different Elliott Waves counts, albeit minor differences.
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dacto stevepuri
@stevepuri, thank you for your response
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Nice to have you on the bull team Steve.
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You lost w5)))
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Puri acc hacked?
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Oh Shi, we really going up! :joy:
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