user100000
Long

Wave (a) update

BITSTAMP:BTCUSD   Bitcoin / Dollar
I just realized the blue 1,2,3,4 & 5 labels are minor degree waves so on completion of the pattern it should be labeled intermediate wave (a); one degree higher. It was a mistake to label the whole pattern as intermediate wave (1) because that would require an even higher primary degree wave ((a)) upon completion which doesn't make sense relative to the other wave counts of ((1)), ((2)), ((3)) & ((4)). The current wave since the 152             low is intermediate wave (a) currently underway; not wave (1)
We're nowhere near your projection of 298 by April 3rd. Do you consider this invalidated then?
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rivet.popper rivet.popper
Sorry I think it was 294 you said.
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450 by May 4th and 5000 by June 13th? You said 4800 maybe by November. Has your count changed again?
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user100000 rivet.popper
Nothing has changed; except the market will be moving to ((5)) faster than I previously thought it would. Of course, I don't know the actual timing. I was showing if history repeat itself - see wave ((3)) -- it would reach the top by June
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rivet.popper user100000
Can you explain why the timing changed please?
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rivet.popper rivet.popper
Or at least where you see indications that a 4500 dollar move would occur between May and June (a rip from 450 to 5000+) ?
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user100000 rivet.popper
"Or at least where you see indications that a 4500 dollar move would occur between May and June (a rip from 450 to 5000+) ? "

If history were to repeat and rise to future wave ((5)) in the same amount of time as wave ((3)); 147 days. It doesn't mean it will or should. Just showing one of many paths the market could take
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user100000 rivet.popper
Yes, because there is one less degree to deal with. Imagine if the market had to go thru waves (1), (2), (3), (4), (5) as I had it labeled previously; that would take a lot of time to complete. And once the market reached wave (5) I would have labeled the whole move as wave ((a)). That was a mistake! There is no (1), (2)... because it conflicts with same degree wave (a). Wave ((5)) will have much more upside volatility than previous primary waves because it has to cover much more distance on the same amount of (minor degree) waves. Each leg of the abc has to make good progress and cover larger distance because the market is running out of wave degrees. This almost guarantees another bubble but with higher upside volatility and magnitude
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rivet.popper user100000
Appreciate the explanation!
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nice chart, man
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