the_batman

the_batman Updated 

More unqualified Elliott wave notes of mine. (Alternative/updated version of prev chart) NOTE: I'VE NEVER GOTTEN THIS PATTERN CORRECT. THIS CHART IS PROBABLY WRONG. PROCEED WITH EXTREME CAUTION. (It's my white whale. I'm gonna catch or blow my account trying.) -- As an aside, the reversal predicted by this count is timed right with weekly futures closing. $]

the_batman Updated 

More unqualified Elliott wave notes of mine. NOTE: I'VE NEVER GOTTEN THIS PATTERN CORRECT. THIS CHART IS PROBABLY WRONG. PROCEED WITH EXTREME CAUTION. (It's my white whale. I'm gonna catch or blow my account trying.)

the_batman Updated 

More unqualified Elliott wave notes. Lotta work went into this shabby drawing. I could write/draw a thesis about it, but it wouldn't fit ;) Intended primarily to help more experienced traders save time. TV deleted my additional notes. I'll field questions (if anyone sees this). I stole work from @Mr.Coins to make this chart. He provides actual, thorough analysis.

the_batman

These notes come with no qualification of any kind. They're incomplete and messy. The basic prediction is that (1) we may/not have another short leg down towards 2800 (2) there's a big-ass up move coming Suggest follow @Mr.Coins Edit: Shit. I just qualified em.

the_batman Updated 

The chart shows a fully qualified Gartley pattern along the current major support level (trendline). It identifies the price points that constitute the PRZ potential reversal zone. Virtually all of harmonic patterns shown on TV don't use the techniques articulated by Carney. It's necessary to qualify the AB=CDx relationship beyond the simple 5-pointed tool...

the_batman Updated 

NOTE: This chart shows an alternative harmonic to one previously posted. Again, I've used ALL of Carney's methods to lay down the PRZ lines. See the linked chart for more details. Note that $380 is a major support level itself. Also note that the two blue lines represent major S/R levels of the overall triangle/consolidation.

the_batman

Diagonal pattern usually indicates a 100% retracement. This diagonal has an extended wave 1 and is a pristine pattern. (No time/space to show work but will field questions.) The zigzag correction pattern targets are indicated on the chart's right. Its targets are solid regardless of how the innards of the correction play out. The zigzag will occur over 30-50...

the_batman

@scamcoins inspired this chart UPDATE: This chart contains better TIME TARGETS:

the_batman

NOTE: This chart contains clerical errors! I need to re-publish. Please ignore.

the_batman

Beautiful Gartley implies a point of likely reversal. Consistent with an A-B elliott wave count. Confirmed on CNY exchanges. This MT4 image shows the pattern with full confirmation of all the other bells and whistles: i.imgur.com

the_batman

THIS CHART IS WRONG AND I AM STUPID. follow scam's alts . will repost later. Chart contains targets and an explanation for recent events. A LOT of nitty-gritty work went into constructing this chart. None of it is shown, for brevity. NOTE: The timing suggests the targets will be reached soon - within 12 to 48 hours, 72 max. (posted 12/28 08:00 EST, 13:00 GMT)...

the_batman

UPDATE: Chart is nulled. Principles appear to be sound. Now that the recent movement has found its temporary bottom at the 320ish support level...let's catch the flip side and make some booze money for the weekend. The point of the chart is to show that (1) that a correction is taking place, and (2) that it has the potential to be substantially larger than...

the_batman

UPDATE: FAILURE! We figured it out. It's a downward diagonal wave one. It'll retrace up (wave2) and then resume falling (wave3). --------------------------------------------- There's a lot of confusion right now about what's going to happen: bottom the short-term future is hard to predict. We offer here one shoddy explanation. Be weary and use with...

the_batman

@SCAMCOINS CO-AUTHOR PREFACE: This triangle refers to the previous move down from $475~. It implies a final move down. The approximate length would be $125 (ie $275 target). Chart says most of it, but here's the rest: (1) Note the descending volume pattern and how its being broken. (2) We aren't 1000% sure that this fits in the greater context, but a cursory...

the_batman

UPDATE #2: Fail/Abort! Limit close and hope a sucker takes the other side! QUICK UPDATE: Despite that prices have exceeded the stoploss, there's not clear evidence yet. The wave2 looks like a flat (on my 1minute chart), and in that case the wave C would be roughly equal to A in height but several times longer in length. It might perk up over the 78.6%, but I'd...

the_batman

UPDATE: I'm wrong! UPDATE#2: Maybe not! Time will tell. UPDATE #3: See comments. EDIT #1: For those that are CHINESE, today is a very very big American holiday called "black friday" where we spend money because stores give huge (80%!) discounts. EDIT #2: Just to be 100% clear (CHINESE), I'm not predicting anything precise here. (That point is not meant to...

the_batman

UPDATE(10/4): As of a few days ago, this analysis is no longer valid. Something happened out of step--an additional impulse wave that should not have happened. The impulse wave was timed with fresh rumors out of china. It might be just a fleeting occurrence (ie normal movement will resume) or it might be a prelude to something bigger. It's also possible this...

the_batman

There's a lot of confusion in Bitcoin right now, but the reality is simple: there was a big Elliot wave downward, and now we're in the corrective phase of that wave. The Elliot wave is not a model or a tool -- it's a psychological phenomenon. It's the product of the behavior of a population of people reacting to an event (or series) and its unfolding. Therefore,...