TradingView
user100000
30 Th12 2017 15:21

BITSTAMP 1D Giá lên

Bitcoin / U.S. dollarBitstamp

Mô tả

ok, just to be sure, i went over it and counted the waves again looking for the typical retracements and ratios between waves....

wave 2 retraces 50% of wave 1 (typically 50-61.8%)

wave 3 extends by 261.8% of wave 1 (that is again typical for an extended three wave)

wave 4 (in progress) retracing 38-50% of wave 3 (at the e wave) (also typical retracement levels for wave fours 38-50%)

i just can't see it any other way! i still see red five coming once this triangle completes
Bình luận
esuvari
Is there a chance of wave 4 to retrace till 61.80%? Cause it just went below 12610.

Also, what would it take for you to change your mind and start thinking the trend has reversed (i.e. red 3 was "the" top)
user100000
@esuvari, hello, the price action should converge as a contracting triangle idea

the invalidation is at red 1 since waves 4 & 1 shouldn't overlap
Thêm nữa