LTC - Elliot Wave correction alive and well

BITSTAMP:LTCUSD45

Litecoin / U.S. dollarBitstamp

Description

⋅ Feb 24, 2018 9:14 PM

Correction continues....look for bottom Sunday Monday. If you folks like me posting let me know I will continue.

:-)

Comments

xilef94

⋅ Feb 25, 2018 7:08 PM

I am not an expert but your EW count seem wrong to me:

imgur.com/a/CJCkz

brbfl

⋅ Feb 25, 2018 7:33 PM

@xilef94, I am always learning and trying to improve - thanks for the feedback. Counting waves is an art! :-)

xilef94

⋅ Feb 25, 2018 8:37 PM

@brbfl, Wave 3 is always longer than wave 1 for instance. There are some rules you can find about Elliott waves that will help you to make a valid count but there will still be times where it's not gonna be possible to be 100% sure

Doktav

⋅ Feb 25, 2018 4:53 PM

it seems like the price is moving up instead... what is the expected bottom price on sunday/monday?

brbfl

⋅ Feb 25, 2018 5:38 PM

@Doktav, I am thinking bottoms around 170/180

Box1515

⋅ Feb 24, 2018 10:39 PM

In the preview image it looked like you were one of those FUDsters calling for $30 like the guy whose post I read yesterday, but nope. Whew! :) I'm looking for a target of $150-160 near term also and then will see how things look from there.

NickPadovani

⋅ Feb 24, 2018 10:29 PM

You're accounting for litepay upside after I presume, yes?

brbfl

⋅ Feb 25, 2018 12:33 AM

@NickPadovani, Well see what happens when correction ends - If I was going to bet money ;-) I would say we will begin a new Elliot Impulse Wave (12345).