Unapologetic_Capitalist

Unapologetic_Capitalist

Two possibilities: 1. Either Wave 2 ended Jan 2015 and we are currently in a Wave 3 up, OR 2. We are completing the B wave of an irregular 2 and price will come crashing down shortly. I suspect the latter...

Unapologetic_Capitalist

The end is nigh! Just kidding. Final price drop in the works before new ATH. As per my drawing, looks like Wave 4 (of C of II) expressed itself as an expanding triangle and may have completed its retrace to exactly 50% of Wave 3 (of C of II) If so, expect price to drop catastrophically to complete Wave 5 (of C of II) to $120-$60 range before we can begin Wave...

Unapologetic_Capitalist

Quick 15 min chart of potential things to come. 1300's could be imminent. Next stop down could be 600's. Main projection in bold, with alternate drawn with thinner line.

Unapologetic_Capitalist

Looks like we just started our final leg down. This would be Wave (v) of 5 of V of C. Also looks like we have a set of Fibonacci Clusters at around 960 yuan, which indicate a potential wave 5 (0.618) x the lengths of Waves 1-3 and wave V (0.618) x the length of Waves I-III (assuming my wave count is correct). We should know in the coming days...

Unapologetic_Capitalist

After the near term bull trap finishes, price should continue down to bottom to complete Wave C and start new cycle to ATH, with bottom target of 1390. Target of 1390 calculated by determining estimated end points of Waves C, V, 5 and v (and later little 5), by looking for fibonacci clusters that coincide with all waves (and little wave 5 once little waves 3 and...

Unapologetic_Capitalist

Price broke out of the Wave 4 triangle (black triangle) to start wave 5 and finish the short move up of Wave ii (of Wave 5 of Wave C) with a target of 1756 before starting descent down for Wave iii of Wave 5 (to complete Wave C and start new cycle to ATH). Target of 1756 calculated by determining estimated end points of Waves C, 5 and v, by looking for fibonacci...

Unapologetic_Capitalist

Bulls final push complete? Bear run ahead? Only time will tell...

Unapologetic_Capitalist

Looks like the Bulls must break past 2176.4, otherwise the Bear trend may be the dominant trend with sub-2100 the next target.

Unapologetic_Capitalist

Here's another contrarian post to follow up my previously partially incorrect post. At the completion of Wave 5 of 5 of 1, the news re Microsoft accepting Bitcoins was released, thereby initiating Wave 2 up. See www.cryptocoinsnews.com See commerce.microsoft.com I'm curious what effect it had on the market prior to the official news release, if any. I'm also...

Unapologetic_Capitalist

Next update of previous post to reflect that the first red arrow from my previous post completed. Also updated labels for this complex correction. If this triangle of b or X completed, expect a short bull move up to around 2215-ish followed by a substantial move down to 2060-ish.

Unapologetic_Capitalist

After we finish a super short b move down, the correction up (maybe to 2217-ish) should complete c of this correction before resuming the big bear move down to sub-2100 territory.

Unapologetic_Capitalist

First an overview of my Elliott Wave analysis for context, followed by my forecast(s). Current Overall Level: Wave C Current Sub-level: Wave 4 Next Sub-level: Wave 1 of Wave 5 Wave 3 ended/Wave 4 started on 10-05-2014. Wave 4 consists of W-X-Y combo. Wave W made up of A-B-C (W duration: 10-05-2014 to 11-12-2014). Wave X connects W & Y (X duration: 11-12-2014 to...

Unapologetic_Capitalist

Tried to update labeling to make it more clear but clearly did the opposite. Will publish new clearer chart with same prognosis.

Unapologetic_Capitalist

Looks like the triangle Wave 2 (of Wave 5 of Wave C) is coming to an end with Wave 3 heading down once we break out of this triangle. A small breakout above the triangle could be a head fake. Only sustained prices above the triangle would be bullish, which is remote, but possible. Much more likely for a bearish push post-triangle...