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emptymind replied Apr 18, 2014i just want to say from my understanding using EW we connect wave 2 and wave 4 to form an uptrend line for an impulse. even if wave 4 moves sideways you still have to redraw the uptrend line. so uptrend will not break because you always have to move ...
Bitcoin technical analysis
- emptymind replied Apr 18, 2014
more to come ... to the downside? have you not seen my rocket?
also there is macd divergence............... if you compare 3 and 5Bitcoin technical analysis
- emptymind replied Apr 18, 2014
EW says correction is over. atleast my interpretation
i think wave 5 of 5 extended ...Bitcoin technical analysis
- emptymind replied Apr 17, 2014
i wish i could understand your method but but you can't teach an old dog new tricks and im too lazy to learn.... (not that i mastered EW
candle stuff i invented 5 minutes agoBitcoin technical analysis
- emptymind replied Apr 17, 2014
non of the candles are closing above 50% retrace atleast on the 15m chart 50% is the max for a normal wave 4.... 516 is wave 1 so .....510 would invalidate this as a wave 4
Bitcoin technical analysis
- emptymind replied Apr 17, 2014
wave 2 likes to retrace 50 to 61.8% of wave 1 image nice channel....... i can fit my wave 5 there.
image Bitcoin technical analysis
- emptymind replied Apr 17, 2014
excellent work.... i agree with you that there is a high probablility of wave 5 extending becausee wave 3 was of normal length compared to wave 1. usually if wave 5 extends it will travel the same distance as waves 1 and waves 3 ...
Bitcoin technical analysis
- emptymind replied Apr 17, 2014
good morning to you LL. thanks!
its very stubborn wave! it sure is taking it's timeBitcoin technical analysis
- emptymind replied Apr 17, 2014
wave 5 target update: 537.24-481.63)*.618-509.02=474.6 "I have come here to chew bubble gum and kick ass. And I'm all out of bubble gum"
Bitcoin technical analysis
- emptymind replied Apr 17, 2014
Wait! take profit at 537.24-481.63)*.618-506.9= 472.5 it's not going below 472......
i have to go away also.............. see you later y'all! crazy wave 4!!!!!!!!!!!!!! DIE!!! image Bitcoin technical analysis
- emptymind replied Apr 17, 2014
true, but look at the channeling of 1-2-3 (it is as if missing wave 4 and 5)
Bitcoin technical analysis
- emptymind replied Apr 17, 2014
image look at the waves.. they are all over lapping and choppy. it is a correction and not the start of new trend
Bitcoin technical analysis
- emptymind replied Apr 17, 2014
nice! i like how this thread has multidisciplinary approach to tradiing yet we all sort of get the direction right...
Bitcoin technical analysis
- emptymind replied Apr 17, 2014
wave 3 extended,,............ more than 261.8% of wave 1
Bitcoin technical analysis