So the question here is how far will B extend? This is the 30Min chart and it actually breaks the iv should not cross into i rule of thumb, which I find does not hold up on shorter time frame sub-waves.... BUT if we label this an invalidation of a double correction then it means we have to redo the count. This may actually be a single correction. Which if you zoom out: Which would mean:
So you're saying Bitcoin is going to go up? Yes and that's what 99% of everyone in this forum thinks as well...
Ya this forum has been saying that every time we topped since the March, which was 6 times! That's why I started the 2.0 version because clearly we weren't going anywhere until the single correction completed which was in August. Now the only question is do we double?
No, the question is, WHEN are we going to double and WHEN does the bullrun end? That is something no chart is going to be able to tell you. Just put all the lines and the drawings away, we need to focus on getting mentally prepared for what unfolds next
How long have you been trading for??? I ask as I started out reading Edwards and Magee,Schabacker,then Gann,followed by Elliot, Wyckoff (though I never finished the Wyckoff course) and Andrews.... Wyckoff led me to Oneil> Weinstein along with books by Lynch,Buffet,Graham.... I look back on Gann,Elliot and to a lesser E and M degree and cant believe the time and effort smart people (including myself) put into them... And before you start with your usual comedy act,Ive been at this for a while, traded on the floor,on derivative desks and hedge funds. If you ever want to make real money,why not invest your time developing a sound trading methodology/approach with programs like Orats and Portfolio123??
Here is the chart from last week or 2 weeks ago un-edited...so you can see price retraced back to iv...now we wait.
It feels like you are just making this up on the top of your head. We are headed down now, the Isreali conflict has put a damper on our uptrend. Your (C) lettter should be around the 60k mark but instead you have it at 70K. How do you explain that? You also tell us that the news evolves around the charts? So when Iran attacked Isreal, did they go to the computer and pull up the Bitcoin chart and say, "Ok guys, we are in an uptrend, it's time to go down now, lets attack Isreal so that this chart can go back down" Explain that one!
Quit chasing the news man, it is IRRELEVANT! Price is doing exactly as I predicted it would...look at the fing chart man...I called this move to 70k + back on Oct 3! It's right in front of your face and you STILL can't see it! Heck if I kept going back I probably had 70k pegged in as soon as (B) completed... Bottom line you guys can't project shit lol. This place is amateur hour when it comes to TA...absolutely clueless. If I was on an EW forum, this level of projection would be the norm...not the exception.