EWT For NANO

27 thg 2, 2018

I have found a possible Elliot Wave pattern for wave 3 of our current NANO run. The (12345) Wave has been adjusted slightly to match up with the trend based fib extension target of the larger 1-2 Waves, but each wave has been calculated individually. If we do see a full wave 3, we can expect a target of 0.0029 BTC if not more by the final Wave of this Wave 3.

27 thg 2, 2018

Ghi chú

Additionally, if we consider the initial run from 1k Satoshi to 25k Satoshi as a Wave 1, then our Wave 2 did a 0.786 retracement and now has begun wave 3. This puts the end of the highest Wave 5 in my original post to be around 48k Satoshi, which means the wave 3 or wave 5 in the above diagram will be extended.

27 thg 2, 2018

Ghi chú

One last thing to add; All of this is also in a wedge that broke upward just before this. This means that our Wave 1 might not even be officially finished yet. This means that it can still top out, but the retrace will be at least 0.5 or 0.618 of the full wave 1 length after we top out.

2 thg 3, 2018

Ghi chú

Quick update because my original count is mostly invalid outside of the eventual target ranges. We have support on a trend line at 14.3k, so I would assume that we bounce there as that is a 0.5 fib retracement on our Wave 2 subwave. However, since Wave 2 can also retrace to the 0.618 levels, a 14k hit can also occur.



I believe however that if we fall through that 14k level or fail to break out afterwards, we may only be in an ABC retrace on a larger wave 2, and will eventually bottom out to 10k before the "real" wave 3 begins with targets of 27.7k sats.