payam_prz

Get ready for final wave

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Market is bouncing back, everything looks green again.
But, it's possible that we have the fifth wave ahead. Looking at last three years, there were always another recession in March (getting ready for taxes?)
Comment: And here it is. Now get ready for correction waves. I assume each wave (ABC) should take around 1-2 weeks. Yeah Feb won't be much friendly.

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I'm cool with that if we can go up to 15k now;)
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Shouldn't the third leg be the longest? It seems that at the moment it's even smaller than leg one. Also why did you use the $9854 and $-325 for your fibonacci?

I'm new here and just trying to learn something. Thanks
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payam_prz JMLoureiro
@JMLoureiro, You are right, but the length is not defined by distance in Elliott, rather I use Fibonacci levels (3rd wave passes three levels while 1st passed only one)
Maybe I've exaggerated the 5th wave destination a bit.
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Intervention coming from governments and blaming capitalism and free market flaw after successives crashs. haha Why not?
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