Just a small count update today. Today was obviously a great day for BTC and for me:
Sometimes thoughts like "I should have kept the BTC I bought after the last crash (@3200) indefinitely." creep into my mind for a minute.
And then I remember that one should never feel bad for missed profits, because there is no place for emotions in trading and investing. If you can't keep rational and calm @ all times, then you are much more likely to make bad decisions.
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
not many mention the major correction after wave V to prior wave IV-
what are your thoughts ?
do we make it under $1k ?
i know what the elliot wave theory has to say .
thanks!
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BTC should retrace 38-62% after big wave 5 of 1. The rest is speculation. Theoretically it can go back down to 1$, but I am 100% sure this won't happen.
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fibanchi?
how about the rule after wave V abc to prior wave Iv ?4
its the 200$ area .not saying its going there .
is that to deep of a retracement ?
thanks again !
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This is not an Elliott Wave rule. @heajin has found it on different occasions in cryptos in smaller wave degrees. But that's it.
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thank you .
I thought that after wave V completes in most cases retraces abc to prior wave IV.
where it doesn't matter how far wave v is wave iv is already marked ,
hiiger it goes the bigger the crash
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thank you .
I thought that after wave V completes in most cases retraces abc to prior wave IV.
where it doesn't matter how far wave v is wave iv is already marked ,
higher it goes the bigger the crash .
thanks for the replies ..
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This post received a 3.1% upvote from @randowhale thanks to @ew-and-patterns! For more information, click here!
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