Sh-aw-nster

Sh-aw-nster

I wanted to post an updated logarithmic scale chart of BTC to show everyone how EW can help put things into perspective. To me, Wave I was very clear and after you've been doing EW for a while, you will learn to spot the right look sometimes. (NOT ALL THE TIME) But to me, this thing just doesn't even look close to finished. Impulses tend to channel, so if we...

Sh-aw-nster

I wanted to clean up and relable this consolidation large Triangle Pattern to an ABCDE from a WXY-ABCDE Triangle. It just looks better to me. The only reason I was hesitant to make it an ABCDE is because wave 4 of the 5 wave impulse down in the first ABC correction went slightly into wave 1 territory, but what I've learned in futures and Crypto is that it will...

Sh-aw-nster

This possible ABC correction within a large Triangle pattern is still within context as long as the triangle isn't broken, but we are running on fumes. This may be an attempt to shake off any remaining weak hands, or we may see lower lows. We just have to be patient

Sh-aw-nster

Nothing is for certain, but this is a possible inverse head and shoulders pattern on Bitshares the decentralized exchange that Dan Larimer created We shall see

Sh-aw-nster

Just a zoomed out picture of my best guess

Sh-aw-nster

Even though we made another slight low since my last post, it's still within context of the Large Triangle pattern I've been posting over the last few weeks. As long as we continue up from here we should be good. The thing I like about Elliott Wave is that it tells you whether we are in a corrective mode or Impulsive mode. This last low showed me it was a complex...

Sh-aw-nster

BTC could not sustain an impulse, so to me it looks like an ABC correction is still in play, which means we should still bounce for Wave C up to the Triangle trendline before moving down for Wave C or E of the Triangle depending on how others see it...As long as we stay inside this triangle pattern, we are good....If it breaks below, things will get ugly real...

Sh-aw-nster

I added another alternate scenario for BTC and how it could make new highs within a continuing III wave. I'm still cautious until an impulse shows itself and busts through the annoying downtrend line that's been stopping the bull run in it's tracks. The primary count is in white, and the other alternate is in yellow if we get that break of the trendline Will be...

Sh-aw-nster

I wanted to post a close up of the Large Triangle formation I posted a few days ago for BTC. The white ABC count is my primary because Triangles contain 3 waves (ABC) for each wave of the ABCDE Triangle. If the alternate count plays out in yellow, then it would be more bullish because it's an impulse instead of a corrective wave count. If it's an impulse, this...

Sh-aw-nster

I have to say guys, LTC and a few other coins have performed even better than their competitors when it comes to Elliott Wave Counts. We can clearly see that a text book beautiful 5 wave impulse off the bottom and a clear abc correction took place. It also hit the number 2 trend line when it comes to hyper waves. This looks really good (IF!!!!!) BTC and the...

Sh-aw-nster

Looks like the trendlines on NEO and a few other posts I made have held so far. As long as BTC doesn't catch pneumonia, we should see a good few weeks or months. All these may be a larger ABC or WXY correction, so only time, volume and other indicators will tell

Sh-aw-nster

I've been racking my head against the wall trying to figure out this very complex and choppy BTC correction and I've come up with a new interpretation. Anyone that studies EW will know how complex these can get, and also become suspicious at the first few corrective waves down. I couldn't ascertain a clean 5 wave impulse on Wave C. So I picked up the old...

Sh-aw-nster

ETH along with tons of other Alt coins and tokens are obviously displaying these types of corrections now. I was hoping they would have held the Triangle consolidation patterns but those got creamed. These charts are textbook Elliott Wave. The only thing that concerns me is the speed of these declines. The fact that tons of Alts are nearing their Long Term...

Sh-aw-nster

Well, it looks like the large triangle consolidations on many alts have failed and the market is melting down. The fall on NEO is breath taking. I don't think there is more than 3 or 4 green days in the last few weeks which really shows you the extent of the bear market. The bearishness and I would go as far as to say; depressive mood on twitter and Youtube is...

Sh-aw-nster

I wanted to post something different here guys to put things into perspective. The wave counts are particularly clear here, and really show how much potential we still have in BTC. This is a logarithmic chart as opposed to linear A few observations. Wave 2 was what some call a sideways ABCDE Triangle. According to Ralph N Elliott, usually a sideways Wave 2...

Sh-aw-nster

This is a tough one guys. Bear Markets are hard to figure out. This is why I like the laddering method. I also have a catastrophic loss stop set on some markets as well. It all depends on your financial situation, time horizons and patience levels. I've been through some long ones over the years, so it's nothing new to me If this ABCDE Triangle holds, then we...

Sh-aw-nster

Looks like most of the Alt's I thought were playing out as Triangle consolidators will be violated, but a good EW analyst stays with his primary counts and plans stops and ladders with both this and the alternates in mind. If this double bottom fails then it will look similar to EOS and have a 5 wave impulse down. The alternate count is in Yellow The extent of the...

Sh-aw-nster

The wave A of the possible Triangle i posted a few days ago has been violated, so the the count moves to the alternate which is a classic zig zag. I can't believe investors get another opportunity to pick up EOS at these levels. Let me remind you that Dan L the creator of EOS, is the founder of two of the most used and successful projects to date. Bitshares and...