BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
wave 5 is almost done or already over
missing data/time make it more difficult to use trading view
How about such elliot count - ?
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user100000 vortexspaces
i have wave II at 45
i believe we are in a wave III super cycle starting from low of 2.22. it is a trending wave ie. will bounce between the upper and lower channels progressing higher and higher
we haven't yet reached wave III (my guess is 7K-10K)
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what now? how do we relabel those to make bulling again?
+1 Reply
user100000 JavaHut
that's it! did you notice the market did not exceed 100% of 3. that would be 292 if i remember correctly
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MoonTrader user100000
I don't know.... it really doesn't seem like a bottom here.
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user100000 MoonTrader
of course the market isn't going to sound the alarm bells. that was an ending diagonal. if we follow the rules we can know in advance what the market will not do ie exceed the length of the third wave of ED. so we can plan ahead and buy WITH FULL FORCE!

here is a nice sight to know rules of ewp. check out the ending diagonal section

http://proelliottwave.com/free-elliott-wave-resources/elliott-wave-principle-basics/
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user100000 user100000
there was a throwover. wave 5 moving beyond the 1-3 lower trendline
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user100000 JavaHut
sit back and relax. watch the bears panic
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MoonTrader user100000
Interesting perspective. If you're right, I might have to start learning EWs.
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MoonTrader user100000
So what do you say now?
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