Is there any sure way to know if we are correcting a Wave 5 right now and not a Wave 3? Lengths of Waves for example?
thank you
gciriaco
⋅
thoughts?
DeusNovac
⋅
@gciriaco, that ABC correction makes no sense. BTC won't touch $2,000 anymore.
gciriaco
⋅
@DeusNovac, god hear you bro! I am with you. I am just fallowing Elliot theory. I am not an expert, but this is what I think. Just like the Monthly chart on bitcoin it is completely parabolic is even scary... long long wicks... It just a though. the denial is one of the factors of very very overbought market...
Supernova_elite
⋅
Agree with you, my friend ) That is my vision about reversal points
burmax
⋅
Agree with you)
p.s. Soglasen)
davidchn
⋅
from chinese offical news the chinese governmet will shut down all bitcoin exchang before october. i think break thought support line is the only constant!be careful the policy risk
goldbug1
⋅
One question, where you have 1,2,3 on the correction, I labeled ABC. My thinking is everyone is calling for a pullback to $2700-$3100 it has become a "crowded trade". Since we already hit the 0.382 from the I supercycle, I'm not convinced we will go down from here. What are your thoughts.
aliakber2k10
⋅
Seems like this idea is still very much valid. This seems to be the c of B... The B is about to complete and Larger C is about to begin in near future. Lets see how market unfolds.
aliakber2k10
⋅
@aliakber2k10, structure seems like is 3-3-5 correction?
Is there any sure way to know if we are correcting a Wave 5 right now and not a Wave 3? Lengths of Waves for example?
thank you