Look for this high-probability 1-4 Line validation as this Wolfe Wave/Geo completes, combined with a Fibonacci contraction levels one might consider using as supportive target definition:
David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA
Target hit after Butterfly Pattern completes ... Bearish. Background geometry relies on Geo's Off-Set Rule:
David
WenpingGuo
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the retracement is weak. could go higher I guess.
timwest
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Does the strength of bitcoin give you any indications that the market is stronger than you thought and that it could muster a rally?
IvanLabrie
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(I did cancel my pending shorts above) Holding BTC at the moment.
BitcoinGuru
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Hey Tim I have been using your method in charting with my own. Right now BTC is consolidating in a tight range for 21 days, Sept 8 will be the 21st day where I will expect a big major move up or down (to $160 then $68 then up back to $110) and by big I am talking $100-150 move. Since we are spending lots of time under the old mode of $233-238 were bearish unless BTC can pull back up in the next few days to that level and above it preferably to be bullish again. However were also spending lots at the lower mode $220-225. In my opinion BTC is not stronger than before and a rally is very unlikely unless we get another ponzi.
I had a good short from 230 that I dropped, right now waiting to see if we head to 210 to get bearish confirmation, then i can find a short entry.
1 - Modules I and II fell by the same percentage, before reacting to a rally, yet carving a lower high;
2 - Module III fell at 75% of Modules I & II - This may represent a deceleration in the rate of decline, but it remains that it is carving a net bearish lower high relative to prior structures;
3 - Price remains tethered in the 233/223 sideways corridor
OVERALL:
The moves remain net negative against a decelerating rate of decline. A pattern may emerge, such as a nascent Gartley, origination from Point-5 of the Geo in the chart, but only a Butterfly might give it flight, as it would express a different mood that the current overhead 233 interdiction.
David
4xForecaster
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09 SEP 2015 - Chart Update:
At this M15 level, failure to rally above this bearish entrenchment (pink arrow-down) would maintain validation of original target - Lots of bull/bear fighting going on at these levels, so price consolidation and time-consumptive geometries are expected in this environment - The larger timeframe is what I rely upon to base the bull/bear bias, as the Predictive/Forecasting Model is calibrated for H4 level. This "Model" remains bearish for the time being:
David Alcindor
4xForecaster
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18 SEP 2015 - Chart Update:
Price remains subdued under price level corresponding to Point-3; Testing upside is possible but limited; Remains bearish overall:
David Alcindor
ucdos1988
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good job
devlspawn
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Hey David, is this your latest chart on Bitcoin or am I just missing it?
Target hit after Butterfly Pattern completes ... Bearish. Background geometry relies on Geo's Off-Set Rule:
David