BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1702 54
not much has changed. wave 4 is taking more time because of the recent low. i've relabeled the recent move up as an x-wave . wave 5 may start soon
Ok here we are on the 7th and nothing doing. No way is there time to do an a-b-c wave going up 150 bucks within 48 hours. Timing needs to be pushed forward to encompass the critical Greece news occurring on Feb 11th.
jfun rivet.popper
this chart no longer says the 9th..
Correct. The timing change wasn't mentioned in the caption so I didn't see the new date.
Wow, good luck with this lol
elliot is turning in his grave my friend.
give yourself to horse racing;)
ChartArt Balancepumps
The problem of Elliot Wave is that is was invented in the 1920s before robotic trading and digitial currencies invented out of software code became a thing.

I think the basic ideas of Elliot Wave could are good, but the accuracy is not the best. Markets tend to stay irrational longer than Elliot Wave already show a turning point.
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I still think we hit bottom at 152. If that i the case, then EW will predict how we go up...
MashuriClark rivet.popper
Sentiment is an important part of EW theory. Personally, I don't think sentiment is low enough yet (we're close though). When we get to the point where anyone who even suggests investing in bitcoin gets crucified, then it's time to buy.
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rivet.popper MashuriClark
Thanks for that link. That is what I mean by a constructive comment.
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