BITSTAMP:BTCUSD   Bitcoin / Dollar
2164 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)
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
I hope it happen, but it is too good to be true.
+1 Reply
this is bull-joke :)
40,000 by June 10th?? Can you please explain?
user100000 rivet.popper
bubbles are not long in duration. a couple of months is enough to cover vast distance
rivet.popper user100000
But we can't even get over 300...
user100000 rivet.popper
see 4H chart. we should start wave (iii) soon. most people have no idea we are so close to bubbling again.
+2 Reply
rivet.popper user100000
You said the same thing in January.

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?
+1 Reply
MoonTrader rivet.popper
Finally, you are starting to see through his bullshit. God knows when he will.
-1 Reply
rivet.popper MoonTrader
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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