image assuming wave 4 retraces 38.2% of wave 3.... bottom at 949.25 we can calculate a wave 5 target (of this wave 3) (1093.68 - 610) x 0.618 + 949.25 = 1,248.16 (wave 5 of 3 target of 1)

Bitcoin technical analysis

im going to assume the big wave 2 is over at 455 and a new cycle is starting i have a wave 3 target of 1127. that is 161.8% of wave 1. that is minimum because wave 3 might be extending image i can estimate where big wave 3 will reach.... should be ...

Bitcoin technical analysis

lady_luck, thanks but most everyone on here are bearish. i think the circled area is just complex correction. combinations of abc corrections seperated by x waves.... zoom in and im sure you can come up with reasonable labels a target for the end of ...

Bitcoin technical analysis

you are right. that was no triangle usually there is a macd divergence if you compare wave 3 and 5. i have to change my count a little image the most destructive wave 3 of 3 is in progress

Bitcoin technical analysis

wave iv of 1... i read triangles don't occur in wave 2. this must be wave iv of 1 of 3 of C image

Bitcoin technical analysis

zooming in on wave 1 of 3 of C.... wave iv in progress image

Bitcoin technical analysis

wave 3 of C in progress wave 3 target... 1.618 of wave 1 = 585 (typical for wave 3) 2.618 of wave 1 = 373 (more realistic for a wave C) image lady_luck, double zigzag? i dunno, pls feel free to post your count close to real time as possible. thanks

Bitcoin technical analysis

it's possible market hasn't completed wave 2 yet. seems like a complex correction with an x wave in the middle. one more abc up remaining move for wave 2 image venzen, thanks for clarifying. i can follow your posts with more understanding in the ...

Bitcoin technical analysis

i feel market want to drop big so is building some lower degree waves 1 2 1 2 for wave 3 to extend.... venzen, what is M5 and TF. i'm not familiar with those terms chonchy, suspense is killing me!

Bitcoin technical analysis

wave 3 of C in progress the first wave looks like a leading diagonal.. look for a wave 2 bounce then a big crash..... image i have a target of 647 for wave 3 minimum... that is 1.618 times wave one which is typical for a wave 3, but a more ...

Bitcoin technical analysis

c wave is over... it should drop like a sack of potatoes. image

Bitcoin technical analysis

hi venzen, thanks for starting this thread. wave v looked like a diagonal triangle ..occurs in wave 5 position usually... i try to stick to one wave count until the market proves me wrong wave iii is 1.618 times wave 1 wave v is 0.618 times the ...

Bitcoin technical analysis

wave 2 of C in progress... image

Bitcoin technical analysis

wave 1 of C looks complete... look for a wave 2 bounce/retrace of 50% or 61.8% of the drop. wave 3 could be 2.618 times of wave 1 image

Bitcoin technical analysis

that was the b wave rally (abc up)... crash alert! c wave soon image

Bitcoin technical analysis

this correction doesn't feel like a wave 4. i believe wave 3 high was really at 900.98 and the actual wave 5 was at 1242. the correction (ABC) should end near wave 4 of a lesser degree at 453.29 and start a new cycle from there.

Bitcoin technical analysis

@venzen, you are saying the recent 1242 high was wave 3 and we should expect another up wave to complete the impulse wave? how can you be sure if wave 5 hasn't already ended? thanks

Bitcoin technical analysis