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- emptymind replied Jun 5, 2014
image wave 0 = 420.27 wave 3 = 683.53 wave 4 = 621.86 if wave 5 is 100% of waves 1 to 3 we get a target of (ln(683.53)-ln(420.27))+ln(621.86)=1,011.39 if wave 5 is 161.8% of waves 1-3 we get a target of ...
- emptymind replied Jun 4, 2014
image right, my wave (3) isn't drawn to scale; it's far above the ATH...
- emptymind replied Jun 3, 2014
wow you can see 4 wave degrees in this chart image bros, your greatest enemy is your own ego
- emptymind replied Jun 2, 2014
@KiwiOz it's a little difficult to see, but i have it as an expanding triangle. note the (d) wave is higher than (b). image image
- emptymind replied Jun 1, 2014
i understand many of you want the market to prove itself and take out the ATH at 1163. but that actually already happened at the cycle degree level at 259.34. the market already took out that high which proves we are in an extended wave (III) trend ...
- emptymind replied Jun 1, 2014
im no a fan of indicators but the weekly macd is setting up for the mother of all rallys. image LL, venzen and others... are you going to fight the trend all the way to 8K+? and also fight the market cycles too? impressively stubborn you both are!
- emptymind replied May 31, 2014
i believe intermediate wave (3) will extend and take out the top at 1163 but we have to switch to natural log to calculate the targets. it is reasonable for wave (3) to be 261.8% of wave (1) wave (0) = 339.79 wave (1) = 548 wave (2) = 420.27 ...
- emptymind replied May 29, 2014
count update... no change. getting close to the edge of the channel. im channeling the same degree waves image
- emptymind replied May 29, 2014
the magnitude of bitcoin moves is forcing me to label the waves that way. i can't call the top at 1163 minor wave 3 or minute wave iii. most correct is primary wave (circle) 3..... the previous top at 259 was primary wave (circle) 5 and also ...
- emptymind replied May 29, 2014
Hi KiwiOz, if i may direct you towards BTC China's chart it is the most straightforward and easy to understand. the chart shows it is a flat correction with an internal structure of 3-3-5. image image just a reminder... bitcoin is in an extended ...
- emptymind replied May 28, 2014
i agree with you regarding prolonged sideways action but only after the market reach cycle degree wave III (5K-10K).... just by looking at the channel lines it is clear wave IV will take around 11 months which is longer than any other correction ...
- emptymind replied May 28, 2014
market took out 2 long term downtrend lines within days of each other. market saying the sky is the limit bros image