BITSTAMP:BTCUSD   Bitcoin / Dollar
2158 26 11
Wave five of an expanding diagonal often end before reaching the connecting line of waves one and three. The upward move should continue until the market is closer to this line. I have found 1.618^6 to be ideal level and is close enough to this important line. This bitstamp chart projects wave five to 20,979. There was precedent for using 1.618^6 during wave ((1)); see (c) vs (a)
oaksacorn
2 years ago
http://elliottwavepredictions.com/wave-notes/

The bottom of the 4th (2nd selloff) wave cannot exceed the top of the 1st wave

We are in a larger 2.
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user100000 oaksacorn
2 years ago
it's a diagonal so they should overlap. what do the notes say about diagonals?
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can i have some of that weed you just smoked?:P
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KlaeinPhil RulladallersKanakka
2 years ago
haha!!
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oaksacorn
2 years ago
I think my weed is better. I think we are in a larger 2 embarking on 1 of a larger 3. The larger 3 projects to 89,000. 100K is free to school me though as he does good weed..I mean work.
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rivet.popper oaksacorn
2 years ago
Love it, but can it possibly be real?
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user100000 rivet.popper
2 years ago
i strongly believe it's real. it's very simple. wave five in diagonals tend to gravitate towards the 1-3 "trend" line. all you have to do is wait for the market to get closer to this line. if you must sell for some reason, i would do it above 20K
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rivet.popper
2 years ago
40,000 by June 10th?? Can you please explain?
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user100000 rivet.popper
2 years ago
bubbles are not long in duration. a couple of months is enough to cover vast distance
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rivet.popper user100000
2 years ago
But we can't even get over 300...
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user100000 rivet.popper
2 years ago
see 4H chart. we should start wave (iii) soon. most people have no idea we are so close to bubbling again.
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rivet.popper user100000
2 years ago
You said the same thing in January.
ending


Here you said the "countdown begins March 27th". So I'm a bit confused:
wave 5 complete


Can you explain either where you miscalculated or where I have failed to understand?
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MoonTrader rivet.popper
2 years ago
Finally, you are starting to see through his bullshit. God knows when he will.
-1 Reply
rivet.popper MoonTrader
2 years ago
I'm just asking for explanation, to understand his thinking and to better fill in my knowledge of EWP. I don't understand why you care, since you've got the market all figured out and are no doubt buying your second private jet by now.
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MoonTrader rivet.popper
2 years ago
It's okay to admit it. His ideas make no sense. Just accept it and move on.
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rivet.popper MoonTrader
2 years ago
It's ok to admit you don't understand EWP either...
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oaksacorn rivet.popper
2 years ago
It is not that his ideas make no sense. Moon Trader has a valid point in that 100K's approach to EW is not conventional. His analysis often breaks the rules. I could be missing something and have been nice about reaching out to him as I like his overall technical mindset but his counts leave me a bit uncomfortable.
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rivet.popper oaksacorn
2 years ago
I also think we're in wave 2 and embarking on 3, but if this keeps up i really don't know what to think. Can you tell me when you think wave 2 will end?
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oaksacorn rivet.popper
2 years ago
5/19
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rivet.popper oaksacorn
2 years ago
Please elaborate on why May 19th.
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oaksacorn rivet.popper
2 years ago
The next Mercury in Retrograde starts. This will retrograde will either usher in a low and the beginning of a very large move up or the high volume low of 152 is it and we begin the locomotive move up from current levels above 209. The monthly stochastic currently fits both scenarios but with the same outcome - the next leg up 1 of a larger 3. Leverage works both ways. Right now the shorts are still comfortable. The comfort level goes away with the next retrograde cycle.
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MoonTrader rivet.popper
2 years ago
You're right, I don't understand it. That's because it doesn't work.
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owen.daniel.davies rivet.popper
2 years ago
there's nothing you didn't understand, its just this persons perspective(stupid in my opinion) and strong belief as reasoning behind such an extraordinary move. I wouldn't follow this person simply based on such an exaggerated chart and as you mentioned above, he thought the same thing back in January so that should be a clear indicator that his understanding hasn't changed since then.
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Gravvi
2 years ago
this is bull-joke :)
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KlaeinPhil
2 years ago
I hope it happen, but it is too good to be true.
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oaksacorn
2 years ago
So now that I have gotten my arms around expanding diagonals allowing for 4 to dip into 1, I am liking this count. The projection for ((5)) is within reason as 5 waves in commodities can often be the largest, Its is fair to say that btc is a commodity like gold at this point. Nice work.
+1 Reply
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