Nuseii

Possible Bounce based on Elliot Wave Cycle INCOMPLETE

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
109 2 1
This an edit of my latest idea based. TA buddy Romano referenced that the 3rd wave is always the longest in length and i'm always happy to be wrong if i can learn a lesson.

This picture is my reference:

http://d.stockcharts.com/school/data/media/chart_school/market_analysis/elliott_wave_theory/ew_basics/ewb-08-guidelines.png?nsukey=6X%2B0khpjw2Q2NoUoZa%2F1g3b3%2B6R%2B64ioiRVKx3Es0lH8bUklboSVGFxSd%2FvYqMQ%2FL1XAOrlnsVirafZw%2FAel4g%3D%3D

4HR window is still closing so i am marking IV as undefined.

Related Ideas

Also, IV is now defined in my opinion.
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As reminded by Romano yet again, there is a pull back from third cycle of 50%. It had went up 76.4%, so 50% down was back to 355.51(above 23.6%)
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