It has been decided then

It has been decided then.

Other urls found in this thread:

astrocycle.net/PDF/WaveRatios.pdf
astrocycle.net/PDF/Wave_Guide.pdf
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What the actual fuck lol ABC correction cannot retrace more than wave 4 according to Elliott rules

$50k end of summer

...

This is crypto so the correction always induces panic selling and lower lows than expected.

Yeah we will surely retest the top of the bear channel again.

Zoom out. Sage.

Also sage.

Bought at the top again kiddo?

You have a short kiddo?

i went through the trouble of verifying that i am not a robot to tell you that you're a fucking idiot

Your ta is shit. Stay mad.

A and C need to be just as long.

Stop.

Also, wave 1 appears to be longer than wave 3. Don't even try to use elliott waves when you can't even apply basic rules.

lol no

You don't even know the basic rules you fucking mong

5 to A will be more aggressive and dive down to 10.4k directly because people have bought thousands of btc at 11-11.6k and they have put stop losses somewhere at 11300. Once the trigger is pulled, it will be be a snowball market sell one after another.

Wow such wave. Such end. Btc will never ricover. Wow.

Never fear.

4 and 1 look like they're overlapping.

There is literally nothing wrong with what I said there.

If you think there is, explain why.

One of the 3 rules is "Wave 3 cannot be the shortest" not "Wave 3 must be the longest".

So OP's chart doesn't fail because of that, it fails because of

It also has Wave 2 retrace more Wave 1 on the higher cycle, which is wrong

You will never get such a good opportunity to short. Spike still up, no volume, big sell walls ahead, major historical resistance at 11800 even if we headed up, market just has a +2000 usd bullrun, long term still heading down, tether is still unaudited.

The 11,190 SL for the 10,800 short group was hit but on the same time the long batch was initiated with a TP = 11,700. I see increasing resistance at 11,500 - 11,600 on 15M (RSI = 53.523, ADX = 24.752 on overbought STOCH/ Williams and BBP = -2.5240) so I took the profit earlier at 11,600 for 50% of the lot (rest on initial TP but on a 11,190 break even SL). Since 11,780 is a 5H Top/ 1D Resistance and yesterday's 1D was a Doji Star Bearish Reversal candle, it is possible to get a 0.618 Fibonacci retracement = 10,850 or even 0.50 = 10,555. The volume remains very low so these upside attempts are vulnerable to aggregated profit taking. The last 1W candle ended on 18.35% in gains with its neutral RSI = 54.711 and Highs/Lows = 0, suggesting that if 11,706.30 (SMA10) is made into a support, I will take a risk to buy near the 0.50 Fibonacci fill of the 6,000 bottom = 12,946.20.

This is how I'm seeing it from a 4hr. Even I think I'm probably wrong.

Maybe this...

Stfu.

this imo.

>Using Elliot Waves
>Highly subjective
>Violates all basic rules
Stop OP

OP, here is some reading I think you should do.
astrocycle.net/PDF/WaveRatios.pdf
astrocycle.net/PDF/Wave_Guide.pdf
Final prediction. On a larger time frame it seems we're finish up wave 3. We may correct down to around 11.2-10.9k imo.

Think you might have got it wrong, lad.

fucking kill yourself OP

sage

Yeah i tried Elliot Waves for some time, give up faggot this shit is not working for crypto

You don't. Say.

>Thinks Elliot waves are real.

100% this. I bot trade, and some TA meme line bullshit actually works - quantifiable shit like MACD, ATR etc. Elliott waves are pure Dunning Kruger though - yeah, trends tend to go up a bit, retrace, go up more etc - which looks like waves. But it can be one or ten. The drops can be just as unpredictable. And there's plenty of algorithms to detect waves - but the quantity and magnitude aren't at all consistent. It's no better than voodoo.

I dono, maybe take a peak at the macd, rsi and volume? It's obvious where btc is going

>tfw the next few hours are crucial for Bitcoin

>blocks your path

You guys are still in denial stage. So cute.

>elliot rodger waves

THE NEXT FEW HOURS ARE CRUCIAL FOR BITCOIN

Who is in denial?
>clumsy bull run after a major crash that was fueled by consumer money
>marget stagnation after 2k growth

uh

Worst TA I've ever seen

Now now now children
Bearfag is here
This is what i see, if we go down i see a bounce and another attempt at breaking up

If that fails... gg