user100000
Long

Wave c of 5 update (expanding leading diagonal)

BITSTAMP:BTCUSD   Bitcoin / Dollar
407 4 6
WXY correction for wave ii fits well; retracing a typical 62% of wave i. It seems (almost) complete. I'm expecting wave iii             to extend because of the large base building action. Strong foundation for a large move
rivet.popper
2 years ago
I agree if we get past these goddamn bears at 245 we are all clear for takeoff. But I don't understand why wave iii now goes to 287 instead of 270 because of the "correction" yesterday.
Reply
user100000 rivet.popper
2 years ago
i believe wave iii will extend because of the time spent basing sideways building a solid foundation. it doesn't look right to "only" move to 267 which is the usual 1.618 * wave i level. also, wave three in general tend to extend usually 2.618 of wave one... bears cannot deny the move up. they can delay it and waste more of their capital if they wish but in the end the market wins
Reply
rivet.popper user100000
2 years ago
"...bears cannot deny the move up. they can delay it and waste more of their capital if they wish but in the end the market wins."

Love that!
Reply
oaksacorn
2 years ago
I like this count right about now.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out