CryptoVulture
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BTC possible first wave diagonal (trading group in description)

BITFINEX:BTCUSD   比特幣 / 美元
Hi all, looks like BTC             could have just finished a first wave diagonal and could be working on the second wave.

I am looking to start a trading group, with traders of all levels of experience who would like the share charts and ideas.

If this at all interests you, shoot me a PM

Vulture
Wave 4 may not enter the territory of wave 1. #fail
If wave 2 retraces a lot, wave 4 will most often not #fail

Have you considered your wave 3 to be just wave 1 ?
So the bottom of wave 4 "could be" just in, and wave 5 should end at around $9226.

We "hopefully" now in a few hours :)
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@severt, I encourage you do do more research on elliot waves my friend. Diagonals absolutely can have wave 4 cross into wave 1, in fact it is a great indicator of a diagonal. Here is the exact wording - • "Leading diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape but overlap between wave 1 and 4 is not a condition, it may or may not happen"

In regards to the theory of alternation that you mentioned. That only applies in a clean impulse wave, not a diagonal wave. Diagonals have very different rules.

Again, i encourage you to do some more research on diagonals, they are pretty common in cryptos, so that you don't #fail

;-)
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I agree with you very much.
can you Follow Me?
I hope we can have more communication in the future.
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@DongRui, Dong, send me a PM if you are interested in joining the group :)
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DongRui CryptoVulture
@CryptoVulture, ok,Very glad to
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