of course there is a chance, but it wont help you because noone ownes that crystal ball. keep track on the charts and you have the best chances to avoid surprises ;-)
You are viewing a single comment's thread from:
of course there is a chance, but it wont help you because noone ownes that crystal ball. keep track on the charts and you have the best chances to avoid surprises ;-)
If Wave 3 is double of Wave 1 and takes the same time we are at 51000$ by the end of the year.
Of course neither Elliot Waves give you a time nor you know how big Wave 3 is.
Keep learning and you wont care much in a year tho
Good luck bro
xantos Actually the rules of Elliott do give price and time when combined with Fibonacci.
Wave 3 must be a minimum 100% the price and time traveled in wave one. Generally however, wave 3 is 161.8% of Wave 1, up to 200% as upper target. You can conduct Fibonacci time projections 1 vs 3 to create a target. Happy trading.
I find this very debatable, IMO it is not time yet to set the label to (1). Yet we are going towards the end of a 4 and the 5 will be sitting somewhere at around 25k which then becomes the (1), dont you think so?
I think @xantos is right (just feeling, no TA involved :-) ), we're in the correction of a 5, problem will be if this correction is a triangle, rarely happens in w1, so in that case yes, we're in w4 ... Anyway it's right it's not time to label these wave, but we can try to make some guesses ... and dream about the moon :-). Let's see where price take us in the following weeks !!!
So you mean we are currently in the correction of Subwave 3 ..
Sounds reasonable aswell!
We'll see what future brings :)
yes we will see, will try to catch a view on haejins main count one the next BTC videos, maybe we have some guidance there :-)