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jvbaelen
Mar 11, 2018 5:58 PM

BTC going down to 3500$? 

Bitcoin / United States DollarCoinbase

Description

Chart explains itself.

What do you think? Remarks are very much appreciated as i am still learning..

This is no financial advice, trade at your own risk, and do your own research.
Comments
jollygreen
Interesting chart. That's a lot of 5s. I would try to see if you can incorporate some ABCs (or WXYs / WXYXZs if called for) into the wave counts. If you are Elliot waving, it usually goes 12345 up, then ABC down (large scale) with A being 5 waves down (12345 smaller scale), B being 3 waves up (ABC smaller scale), and C being another 5 down (12345 smaller scale).
jvbaelen
@jollygreen, thanks for the remark. With an impulse downtrend it's reversed no? wave 1 of the downtrend = 5 waves, wave 2= abc, wave 3 5waves, wave 4= abc, wave 5= 5waves? I drawed the chart but can't seem to do an update with a new chart. Could be mistaking entirely though, Still a bit noobish :)
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