Gugubaer
Short

BTC ready for short

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
151 7 0
Elliott analysis for BTC . Get ready for a bigger correction because of a finishing 3.
Sorry I made significant mistake..

"While market boom B is above BEGINING of A and C is much under END of A thats technical explanation for bigger correction...
Reply
Gugubaer GekkoTulip
Please have a look at http://newelliottwaverule.org/ for the special counting of the B.
The black 5 is started. Wheb complete, we'll see a bigger correcten because this is the missing red 4.
Reply
GekkoTulip Gugubaer
Gugubear very nice and promising website about New Elliott.. Too bad for me that I am busy a lot last time and have time to study it seriously about Monday.. But possibly I will do it and come back to discussion with a little bit more knowledge for sure about New Elliott area..

I don't get counting B uising your method at the moment.. Yet..

Otherwise using traditional Elliott I same as you observed that we started now black 5 ( for a first look as I remember fibo told me that it can reach about $1560 range but as you know for sure:
1. it's bitcoin and 5th black wave what means it is last up wave before BIG ABC correction so everything can happen..
2. It's is risky moment to get in the "train".. When panic sell can increase..

On the other hand technically black 1 is similar length to black 3 what suggest that black 5 should be elongated.. That's why $1560 or more range possible.. After that big ABC as a red 4 correction wave as you told..

And what do you think about situation Gugubear ?
Reply
So you predict expanded correction 3-3-5 a cording to Elliott.. While market boom B is above end of A and C is much under begining of A thats technical explanation for bigger correction... But how will look like 4 in this case.. ? B is above wave 3.. Correction should goes down, shouldn't it ?
Reply
A BC UP ????
Reply
Gugubaer przystojniak.rob
Yes, something not so common. It's called a overshooting B. Zoom in in the B and you will see that it is tree parted. It's the easiest way to count that stuff. Any other effort would take many more wave levels and many nested 1-2 1-2.
Reply
GekkoTulip Gugubaer

So you predict expanded correction 3-3-5 a cording to Elliott.. While market boom B is above begining of A and C is much under end of A thats technical explanation for bigger correction... But how will look like 4 in this case.. ? B is above wave 3.. Correction should goes down, shouldn't it ? Reply
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out