with this recent crash it seems like blue wave 1 is already done:
RE: BTC big pic update 17.04.18
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BTC big pic update 17.04.18
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Awesome, you've been so much help!!! I sold all last 3rd near the top, now hoping to buy some back in bottom of C (or close to)
I hope I can go to sleep now for few hours and come back before it turns upwards again :)
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I cannot tell for sure which chart you posted, but is this is the $ chart, the bottom of white 4 overlaps with top of white 1. I have it a little different. Thoughts?
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Your version is also possible. But if this correction goes any deeper (which it likely will in wave c) it hints at the completion of a wave 1 rather than 3.
It doesnt matter much. Only time will tell.
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Thanks, I appreciate the feedback. As someone who is new to this, it is particularly helpful to get some insight into the reason you lean one way over another, so thanks again.
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Would you have any update for XVG, I m having trouble with the chart now and if its heading back up or this is part of a larger correction first from its recent high..with much gratitude.
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Orange being the lowest probable.
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Thank you.
Now forgive my ignorance I have only just started reading the frost/prechter book and so much to learn about EW! , the x2 & 2 2's etc have me slightly confused.
This chart is saying still on a downtrend and from here should drop to .065, then possible of .05 as lowest before another trend upwards?
Thank you again!
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I showed 3 different alternates in one chart. Sorry for the confusion. Every color is a different alternate in this chart. Correction is likely done. We are most likely in wave 2 correction.
Orange count needs another low but I think it is unlikely.
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Oh right, thank you.
That certainly makes much more sense, I am looking for a re-entry point, sold 2/3 at .11, then 1/3 at about 9.5 so did well.
Was hoping, like everyone it would correct more of course.
So end of the blue wave 2 and the start of wave 3 of a larger degree, potentially?
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