Rudcardinallo

Rudcardinallo Updated 

1 hour of work. I hope this helps. Can't be bothered at haters or EW junkies those of who actually have to read the f. book again to understand violation of rules occurs in highly leveraged markets. Yes, you can't treat Bitcoin as any other asset in the stock market in terms of rule application on Elliot waves. Don't be the frog . Get out of slowly boiling tepid water.

Rudcardinallo Updated 

Hello. This is our Last 5 wave downtrend structure. No, it wasn't an ABC after a turncated 5th wave. Instead, ABC started 6 February and completed a with turncated C. Now we are started 3th wave of 3.th bigger wave which forms our last 5th wave structure. Analysis is vague, one thing i'm sure and you would be when dip comes. Volatility will be gone, volume will...

Rudcardinallo

Since this is a ABCDE structure in a triangle; Put your stop loss above the orange zone ( Hard resistance ). I'd ladder tru 8050-8250. Easy and somewhat safe.

Rudcardinallo Updated 

Chart explains itself. Even tho i hate relying on that pattern, we see a clear H&S forming. Conservative target is the next fib level. Remember the frog. GL.

Rudcardinallo Updated 

Hi; I'm not an expert, actually farm from it. But from what i've learned in this bear market (I've started analyzing charts first in December), everyone i found on YouTube or Twitter (popular TAnalysts) avoid to say that we are going down. Why do i think like that ? Well because considering they are more experienced than most of us, they tell you some bullish...

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TL;DR USD > BTC Untill 5k. Forget elliot waves. Forget the rules. 1 thing to remember. This road to 5k is dangerous, slow paced, tricky and deceiving. Remember the frog ? "The boiling frog is a fable describing a frog being slowly boiled alive. The premise is that if a frog is put suddenly into boiling water, it will jump out, but if the frog is put in tepid...

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I think EWs are subjective and changes with the current data constantly. I've never thought the structure which begins on 6th February Dip and ends in 11.6k $ as a truncated 5th wave. I'd rather draw it as a truncated ABC Corrective waves. Thinking of it as a bear market condition, an extended correction is inevitable. I'm by no means an Technical Analyst but...