supestv

supestv

So it appears we have started sub-subwave 3 of subwave 5 of wave 5. We may still be on sub-subwave 2 though. I believe we are on sub-subwave 3 for these reasons: 1. The sharp drop in the direction of the motive wave (down) implies the start of an impulse wave 2. Sub-subwave 2 is sufficiently long compared to other sub-subwaves in other subwaves We will know...

supestv

Which Subwave are we on? Mapping subwaves of subwaves helps us to determine if we're close to the end of a wave. The really large "superwave" shows that we are on wave 5. The smaller subwave shows that we are on subwave 5 (of wave 5) What is not clear is where we are on the "mini-subwave" and the "micro-subwave" (of subwave 5). For that we have to compare the...

supestv

Watching this play out. Should start the bull run around April 10th.

supestv

We're finally on the last subwave of 5 brutal waves down. I expect the sub-subwaves to look either like the purple circled waves, or the green circled waves or somewhere in between. The actual end point is unknown. I suspect it won't be as low as some people think. Thoughts: $6.2k, $6k, $5.8k, $5.5k

supestv

Check out the green circled areas and the pink circled areas. It seems history is repeating itself. Expecting BTC to retrace a bit lower, then go back up to $7400 before dropping to finish wave 5 at $5500-$6200. Someone on steemit wrote an article saying that "The Cartel" is manipulating the price of btc. Now while I agree (and this has been proven) that the...

supestv

There are two possible options I believe: 1. We just finished an ABC of Wave 4, Wave 5 to complete somewhere $5k-$6.2k 2. We just finished a 12345 subwaves of Wave 1, currently on Wave 2. I don't believe option 2 is in play, just because of the way we bounced off $6400 wasn't convincing for me. The bounce was because the daily RSI hit 30, and the only other...

supestv

Check out the green circles - almost identical price movements, except each iteration is to a smaller scale. If this happens a third time - you should be very suspicious.

supestv

last night I predicted that we were on a wave 4. Judging by the length of wave 2, I estimated an end point just below the long term trend line (purple) of $7300 ish. Looks like I was right about the wave 4, but wrong about the end point. End point was merely $7200. Still it helped me not get rekt, so there's that. Get ready to buy at the bottom.

supestv

I concede defeat. For a long while I believed that the count from $19k down to $6k was a large ABC pattern. That meant that coming out of $6k was a new 12345 count upward. That got invalidated of course - we are clearly on a 12345 wave down. So what is the count from the high of $19k? I believe it is as I charted. It is validated by subwaves all the way down...

supestv

Here is where I think we are. May bounce as high as $7300

supestv

So right now I am coming up with a list of signs that signify the bottom. Incorrectly identifying the bottom is a horrible mistake I don't want to make again. Sign #9 I shall now label as the most important: "must look like the start of other impulse waves and less like the start of corrective waves". When you examine the characteristics of what you think is a...

supestv

I am in the process of analyzing the start of every bull run and coming up with "9 signs" that has confirmed every bull run I've seen so far. The current signs are very positive that we have started the bull run: 1. Double bottom 2. RSI above 40 3. MACD crossed over 4. 4 green candles. 5. Did not break Elliott Wave rules (this is supposedly the end of Wave 2,...

supestv

I have seen these 4 patterns invariably that accompany the end of a wave down and the start of the wave up: On the 30 min chart: 1. RSI goes below 30 at the low or a few candles before the low 2. Highest and densest volume in the wave 3. 2 consecutive green candles 4. RSI at 40 or above. I'm not saying that these 4 things signal the end of any downturn, but that...

supestv

The volume supports that this is the end of Wave C and the start of Wave 3. If $7550 is breached - it's down we go!

supestv

I have 2 possible counts, the light blue one and the medium blue one. Likely possibilities: 1. The light blue path: we have finished subwaves 1,2,3,4 and are now concluding 5 at around $8650. Validated when price goes above $7760 which invalidates possibility #2 2. The medium blue path: we have finished subwaves 1 and 2, are now on 3 to bounce off $8650 with...

supestv

Okay. Waiting forever for Wave C of Wave 2 to end. Yesterday I thought that Mini-subwave 4 of Wave C ended, but it seemed like it wanted to live a little longer. We started what I believe to be mini-subwave 5 this morning. Now let's breakdown this mini-subwave 5: 1. MicroSubwave 1 has completed 2. MicroSubwave 2 has taken forever, but has I believe just...

supestv

This last wave down is not making it easy to predict the bottom. It was following a channel, but now this inverted cup and handle that is forming messes the channel up. Still - it means the price should drop soon. When predicting the end of a 12345 wave, it's only important draw the channel line touching the ends of wave 1 and 3. Wave 5 is expected to end when...

supestv Updated 

You see that BTC price is behaving nicely with my Elliott Wave counts. We are on microsubwave 3 of minisubwave 5 of subwave C of Wave 2. We see also see other patterns Patterns in Play 1. Historical support/resistance for the current wave structure (since $7250) = $7550 2. Double top pattern (75% success rate) = predicts bottom of $7540 3. Elliott Wave...