Sooo this seems to be the best structure for form and fit with related fib targest, keeping my stops to a bit above break even since 4 can go down to the top of wave 1 and there could be algo shakeouts, the reward is if we're right we're going to test the ATH maybe even smashing it to 6000 before another scary correction. Now is probably the time to stock up on alts because they might start to run since they tend to lag behind btc. Once we hit 5 they are gonna start running. Some might retest ATH or even pump through them, mebe neo is in a wave 1??. My theory is the alts are in a WXY correction of some sort. The W for a lot are done so the X is coming and they're gonna be explosive when money returns to the market if we do get this extended wave 5 for bitcoin.
My personal picks are monaco, tenx, civic, and NEO as you might have seen on my posts lol.
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The alts are getting wrecked, hope we get a bounce -_- here I have a revision of the current structure and possible targets
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5 can still go higher the structure is yet to complete seting stops bellow 4750
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profit target between 4900 and 5000
Trade closed manually
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watch for a btc correction, It may also be done
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I think a re-entry zone is 4700 and 4500 for btc
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I've set up my buy and sell ladders. My position size is the same
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I mean Buy ladders
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My stops are now at break even
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My comment made on october 10 is still viable , so watch for a major correction to 4600, not sure just yet whether or not the one mjade 4 hrs ago or the one made on OCT 10 is correct we have to see
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WOWOWOW wave 5 I was not ready for that I thought we would correct a bit more WTF
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Nope I think this is a clean ass parabolic wave 5, My stops are at 5200 atm
Yep I also expect correction to 4650 and then BUY but not like this(
holing40
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@mmortall, yeah I thought we'd have a small pull back to 4600 then a run to 5500 this looks like a parabolic blowoff o.O
nomad-ua
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@holing40, I am thinking to buy from 5000 to sell from 5500-6000. But it usually a pullback after blow off. And it should start falling from 5500 or 6000. It cannot grows forever. What do you think?
holing40
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@mmortall, I honestly have no clue atm lol, im pretty inexperienced and am a bit panicky. wbu? I'm just thinking the big C wave can come at any moment and have closed off my position
@holing40, I closed my position at 4500 because I made a mistake and expect wave C of B over. But it was just a wave IV. So now I am desperate) There will be a bitcoin fork (Bitcoin Gold) at the end of October so people expect that big wave C will be after this fork. I actually saw a prognosis from some guy that wave (C) will be extended and potentialy can reach 7000 and I didn't believe but now I see he was damn right.
But at the end if we are in the extended flat, the fall will be huge.
holing40
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@mmortall, Ah I did the same at 4200 tried to short then had to rebuy at 4400. Damn who was that guy with the 7k prediction?
If we are in a textbook expanded flat, 6125 is expected from a measurement of 1.618 of the A wave. I have my conservative count my current count and my non-conservative count. one on top of the other. I have no idea which ones which
nomad-ua
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@holing40, I don't remember where I read this. I am more to your blue count. But everything could happens
holing40
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@mmortall, yeah the blue makes way more sense, since the 2 retraces 50% the 4 retraces 38% and the 5 of 5 of 5 is extended, Im not sure but the 5 of 5 of 5 of 5 could still extend taking us much higher. I've counted three waves but it could be a smaller wave of a higher degree but that would mean the 5 of 5 of 5 of 5 (lol) will happen soon and really fast I might not be able to liquidate in time so im pretty scared. If the red cound is true theres bound to be a retrace somewhere maybe hahaha