mmitkevich

mmitkevich

Starting longs accumulation below 2300

mmitkevich

Either we're near the end of B.(4) in some flat correction, or we're in some "weak" form of (v).(3). Full-blown wave (4) in the latter case will be painful enough to go bring us back to 1600 area. I'm keeping selling my btc. Sold half already.

mmitkevich

I don't believe the correction is over. wave (C) disaster could be ahead. STOP: ATH+100. TARGET: 1700.

mmitkevich Updated 

2.618 of (1) and a bunch of more fibo levels could suggest that we're topping in (3) wave. Since (2) was rather deep and long (ETFeee ABC) we could have some light correction .24 - .38 - .5 - .62 correction to 2368 - 2222 - 2100 - 1987. Personally I rebuy half of my short at 2400 since that Japaneese could trash all that elliott stuff and over-over-extend that...

mmitkevich Updated 

If breaks up, I would probably close my shorts in favor of wave (5) to 2100-2400 area. Probably it would be wiser to wait for next low to be sure that it is not false breakout If breaks down, we could go to 1300- because wave (C) will be some kind of impulse and its (i) wave is large enough. Currently I accumulate shorts because we're in the top area of triangle...

mmitkevich

Bull count 1) 4 = Triangle ABCDE = unfinished E => price drops to 1650 then reverses to 2300, one should accumulate longs above 1666 (wave E). Stop at 1600. 2) 4 = ABC = finished at 1600 => price increases in impulse, new ATH (wave iii) should occur in 2 days ==> one should buy aggressively with tight stop at 1730. Target 1865-1950 Bear counts: 3) (b). C...

mmitkevich

While we could have been finishing (ii) of 5 of (3), in which case it is wise to enter longs here, we could also be in the beginning of C or (iii) of C. And it will be painful for longs. Can't distinguish these two possibilities without additional price action. Be careful.

mmitkevich

Bull Correction: 1753 = .38*'5' 1666 = 'iv' = .62*'5' = elliott double 4 = high probable 1510 = .38*'(3)' Bear market: 1276 = 'B' = .62*'(3)' 1131 = '(1)' = .76*'(3)'

mmitkevich

Which margin call do you like more? Personally keep selling my btc as price goes up. Won't buy back until 5th wave and following crash will finish. Approximately June.

mmitkevich

Seems could follow LTC way down

mmitkevich

To 4th of lesser degree

mmitkevich

If BTCUSD collapse, ETH is 1st candidate to FOMO instead

mmitkevich

Will they give you all the money of the world? I won't.

mmitkevich Updated 

Some channel art here plus some AB=CD=80%. All this waves like little breeding rats. Extending, extending, extending :). @Satoshi, wanna take some profits? Couple of Yacht maybe?... :)

mmitkevich

I see quite obvious impulse from 8 to 116 in dash. It is 14x. If we take 0.38 from 14x it would be 5x. So I expect correction to 21 before pump could continue. Sell wave B

mmitkevich

We could have finished B of (4) at 81. Or It was (i) of (5) and now we're in ii of (iii). So for new longs it could be better to wait for breakout above 80 or correction to 50.

mmitkevich

Stop at 35 since correction to smaller degree (4) at 14 is quite possible too

mmitkevich

In green scenario we're already in wave 3 of (3) and should skyrocket to 2000+ in no time, kinda till june 1st. The main confirmation will be breakout above green long term trend resistance line. This is the best we could have. In red scenario, we've finished huge year-long wave ((B)) and are going to make huge year-long wave ((C)). Currently we're in wave A of...