Simplified chart. My others posts are just full of my ideas while this one resume pretty everything.
I will take a break from posting. Might answer some private msg, but i pretty much posted every targets that i think will be achieved with the alternative count in a desorganised way past days.
Need to focus on school.
Cheers, Simon
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if uwanna bet on the bullish count the buy zone is 9100-9150 but must no go lower than 9072
Hi Simon! On the main picture I see A B C D E as a five wave down. I have learned that ABCDE waves are trees in triangle. And if that was a 12345 then 4th overlaps 1 and that aslo can not be the case. So the last picture posted kind a makes more sense to me without that last red line to the bottom :)
UnknownUnicorn1540828
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@Toivo, my 4th point doesnt overlap with 1. I was expecting an ABCDE wedge but i think its more this than a wedge :
UnknownUnicorn1540828
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@simonmercier, so its a standard retracement of 12345 wave count but to have 5 as valid target i agree that 4 must not be lower than 1. If 4 is lower than 1 than my updated count would look like this :
Which is very important because it fits with my downward ABCDE fibo jaw
AssetWiz
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@simonmercier, okei, well thats what I was trying to say that there should not be ABCDE downward. ABCDE is only in triangles? Or am I wrong?
UnknownUnicorn1540828
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@Toivo, you can have a downward wedge where you will use ABCDE. I often proceed by making triangle/wedge with ABCDE if im not sure about the count. Usually it gives me one referal count that i can start with
AssetWiz
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@simonmercier, true, tho if we are dealing with correction on a bigger picture then it should be 3 waves down which of course can and will have sub waves. If anything starts whit the wedge as a A wave then it has 5-3-3-3-3 sub waves. Overall I am just trying to say that possibility that we have ABC already in is more likely and now market is creating a new trend up. Thats what I see because I cant see one more down as 5th or E wave :) But the last bearish count you provided is more what I think but with different count( finalized already). I also examined the last bear move form the January and compared it to what we had earlier in the beginning and I could say I Saw there very similar behavior. And in the end of the day time will tell how it plays out but I kind a assume that ALTs are close to bottom as well and if we get volatility back for btc then ALTS might get some food to. Thanks for taking time to discuss this matter with me :)
UnknownUnicorn1540828
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@Toivo, it was just more visuable on shorter timeframe
UnknownUnicorn1540828
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@Toivo, i have an another bearish count but they all finish at the same fibo target :