Either we're near the end of B.(4) in some flat correction, or we're in some "weak" form of (v).(3). Full-blown wave (4) in the latter case will be painful enough to go bring us back to 1600 area. I'm keeping selling my btc. Sold half already.
2.618 of (1) and a bunch of more fibo levels could suggest that we're topping in (3) wave. Since (2) was rather deep and long (ETFeee ABC) we could have some light correction .24 - .38 - .5 - .62 correction to 2368 - 2222 - 2100 - 1987. Personally I rebuy half of my short at 2400 since that Japaneese could trash all that elliott stuff and over-over-extend that...
Bull Correction: 1753 = .38*'5' 1666 = 'iv' = .62*'5' = elliott double 4 = high probable 1510 = .38*'(3)' Bear market: 1276 = 'B' = .62*'(3)' 1131 = '(1)' = .76*'(3)'
Which margin call do you like more? Personally keep selling my btc as price goes up. Won't buy back until 5th wave and following crash will finish. Approximately June.
Will they give you all the money of the world? I won't.
Some channel art here plus some AB=CD=80%. All this waves like little breeding rats. Extending, extending, extending :). @Satoshi, wanna take some profits? Couple of Yacht maybe?... :)
I see quite obvious impulse from 8 to 116 in dash. It is 14x. If we take 0.38 from 14x it would be 5x. So I expect correction to 21 before pump could continue. Sell wave B
We could have finished B of (4) at 81. Or It was (i) of (5) and now we're in ii of (iii). So for new longs it could be better to wait for breakout above 80 or correction to 50.
Stop at 35 since correction to smaller degree (4) at 14 is quite possible too
In green scenario we're already in wave 3 of (3) and should skyrocket to 2000+ in no time, kinda till june 1st. The main confirmation will be breakout above green long term trend resistance line. This is the best we could have. In red scenario, we've finished huge year-long wave ((B)) and are going to make huge year-long wave ((C)). Currently we're in wave A of...
2 of (3) bullish scenario will be invalidated when price will be under 740. Obviously, if hardfork happens, everybody will own two copies - BTU & BTC, but BTC will drop significantly, I suppose kinda 500 or less. If no fork occurs, we could see (3) wave running into 1500+. But honestly I don't believe in it until new ATH at 1400+.
I believe we could have finished 2 of (3). And (3) will go into 1500+ area.
Will there be 5th wave? Is it 3rd or (C) ? No one could answer this questions, therefore EWA is mysterious alchemy and is working on left side of chart only So we could see 5th... maybe. :)
Seems 44-61 range till may. Short 59+, Stop 62, TP 53
no trade idea just posting s&P daily wave structure for correction
The trend is now up, and we have a weekly 'Time at mode' signal pointing to 22.59 as the target. Risk is a drop under 19.37. You can buy dips, or speculate on copper, or on FXA or AUDUSD as well. Steel/Iron ore is also looking great, which makes this a sure buy. Shares of X or STLD would be a nice buy as well. Good luck, Ivan Labrie.