user100000
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closer look at the old c wave

BITSTAMP:BTCUSD   比特幣 / 美元
333 17 7
are all the fives waves accounted for? i believe so! here is my count. the fifth and third waves were extended
snapshot


I think we are on Wave 4.
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user100000 Foxace36
@Foxace36, already starting new ~60 day cycle few days ago (cycle low on 17th). elliott waves analysis + cycles is good combination to confirm each other and stay out of trouble. we had bullish candle on 17th, macd histogram divergence, price action touching lower channel, etc

hourly market is now overlapping which signal extension (1-2-1-2 situation) there will be strong advance . please be cautious.
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Wolverinos PRO user100000
@user100000, everything is bearish? so you agree.. there's a 5th wave down?
and that consolidating volume, looks like bullish, or not? or this has another approach?
sorry for the questions
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user100000 Wolverinos
@Wolverinos, i don't agree
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@Foxace36, right.. I see your wave 5 target, very clear, lol
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and where you think your 5 will end?
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user100000 Wolverinos
@Wolverinos, 30K if we're lucky
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Wolverinos PRO Wolverinos
@Wolverinos, don't you believe in a ABCDE correction in a descending triangle ? Looks little bit like your setup, but you're the only one who looks it from another point of view...
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user100000 Wolverinos
@Wolverinos, im not sure i follow, if it was a contracting triangle the price action has to remain above wave A
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aahh.. ok... I didn't see the whole perspective.. I see your calculation... you believe there's a higher cycle in which you put this graph at the end of wave 4 ? so... you believe this correction is not a big one?
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