evil0edipus

evil0edipus Updated 

The Expanded Flat is a common corrective structure seen in wave 2 and 4 of a Motive Wave, the connector in a Zig Zag or any part of a Double or Triple Correction. In a bullish trend scenario price moves against the trend lower in a 3 wave structure to form wave A. Wave B also is a 3 wave structure and advances beyond the origin of wave A to an extension most...

evil0edipus

Conclusions from amateurish EW "analysis". Do not use as a trade recommendation.

evil0edipus

This is what I think is trying to happen. But I may be wrong. Please, tell me why :)

evil0edipus

Disclaimer: This is not a trading advice. This forecast comes from playing with fib fans, retracements, cannabis and some vodoo magic.

evil0edipus

A digital picture is worth 1024 words. WARNING: YOU SHOULD NOT REGARD THIS CHART AS A TRADE ADVICE.

evil0edipus

Long story short, the ~$220 support is worn out and about to give way. Also BTC made a triple top recently. In my opinion we'll be testing the Jan '15 bottom and returning to $300 in December/January or making new lows before returning to $300 and higher around halving time (mid 2016). BTW, what's worse than despair?

evil0edipus

Let's see if this plays out. Patterns should explain everything.

evil0edipus

I admit there a possibility that this is actually a descending triangle, but the idea of falling wedge looks so attractive that I'm willing to remain biased towards it. I guesstimate we will hit 1500CN¥. to bounce hit the ceiling and fall to ~1000CN¥ area, I'm not making suggestions.

evil0edipus

The chart speaks for itself about the idea.