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user100000
Mar 8, 2015 8:59 AM

diagonal update Long

Bitcoin / DollarBitfinex

Description

a triangle seems to be underway for wave b. i'm expecting a drop to ~252 once the triangle is done before resuming the uptrend to 400+
Comments
the_batman
oh and btw your neatly-labeled ((iii)) is a proper X wave: it's a triple-three channel, non-impulsive.

hit the books, brah
the_batman
hope it helps!
the_batman
X wave derp derp
when I see an X wave, I see a red flag

(ps its not an X..it's the start of a triangle. also, could 9 EW errors on your chart.)
the_batman
pss: this is an impulse
the_batman
count*
rivet.popper
Care to show the errors?
the_batman
not particularly, but i've already given enough to pick out all nine.

i might if be more inclined if you were one of the few cult wave students.
the_batman
i also think this man's work is reliable. this all is just predicated on several faulty assumptions (eh hem..check your work with the lower waves!)
the_batman
the question mark is apt indeed
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