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Bringer

Close up bearish Elliott Count for GameStopFundamentally this company is looking quite grim. As an avid gamer, i know (as do most) the future is digital downloads. There is no reason for a company like this to be the "middle man". As much as I like owning a physical copy of the games, I'm a minority. Most people are lazy and want gaming on demand. Its like vinyl records. Gamestop is quite reminiscent of another distributer (cough...blockbuster...cough) that got hurt by the transition to the digital distribution model - I can't see why Gamestop is any different. And with companies like Steam, and EA (with origin) and other more independents leading the digital distribution model, this company is game over. Not to mention, the CEO talking about making the company some sort of Apple / cell phone distributor or some s*#@ is nothing but bad news bears. Anyway, on a larger time frame, please see my older chart here:
NYSE:GMEShort
by Nathanael
7
C wave Ending Diagonal almost complete. Target bottom 320I think we are getting close to the end of the C wave ending diagonal. An ending diagonal for a C wave is rare, but I believe the properties coincide with where we currently stand fundamentally in the bitcoin world - uncertainty, and the struggle between old bulls and bears is coiling down into the tip of a wedge.... More often then not, the 5th wave of an ending diagonal (or any triangle) never touches the wedges trend line. It commonly over or undershoots the line, (with an undershoot being more bullish, as bullish sediment picks up, it won't have a chance to get to its trend line target) Im thinking this will happen not only fundamentally (bulls are very anxious, as you can see by how fast we shoot up, and how slow we correct down, china news coming to an end, etc.) but I also have a measured bottom around the 320 area from fibs. I have measured the corrective waves within in the wedge and got that target as demonstrated here: Also note, that the measured bars at the bottom are more for reference then a measured move. I have never successfully predicted time. Please comment, and tell me where you think we are at. Peace out
BITSTAMP:BTCUSD
by Nathanael
9