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EXCAVO
May 12, 2018 11:57 PM

Bitcoin 

Bitcoin / DollarBitfinex

Description

Theory of the Elliott wave and few important levels + resistance lines.
*Bear market failure
studfiles.net/html/1438/356/html_LgdkIAjkUp.4k5a/img-ySm3ZO.png

Comment

Comment

Comment

Trade closed: target reached

Comments
Corrupt_Economy
Lol I wouldn't have said target was reached LMAO!
gerryriyadi
@heyitskolin, YEAH LMAO
mezase
@heyitskolin, Shh target was reached he said! Those Elliot waves speak for themselves
Ecua_Trader
You need a few more lines to make your chart a little more accurate. That way whatever happens you can say you accurately predicted it haha. Nice try by the way.
No_structure
5000$
surangadesilva
You dont mention of any corrective wave pattern here (zigzag / flat / triangle or combination of that) after the btc top 19.6k.Which corrective wave pattern your analysis is based on ?

Also Bull or bear failure aka wave 5 truncation happens after a strong wave 3 but we have completed wave (v) of wave ((iii)) of wave A.

So do mean that after wave ((v)) / wave A is completed we are continue to start a new market cycle going pass wave B without completing wave C ?

I havent seen wave C missing or failures before so could you please give me some past examples ? Thanks

WaveRider1423
@surangadesilva, two possible counts:

preferred count:


alternate count:


weekly chart:
surangadesilva
@tuamen, preffered count is possible my friend. Thanks a lot for sharing
monguilhot
@tuamen, Great... thanks for sharing! I have the same count, with different values...
VVXX
You need some arrows going back too....what if we start going back in time? Seems like you forgot to factor that in
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